Archive

Swiss Franc Continues to be Safe (Ben Fletcher)

Swiss Franc Continues to be Safe (Ben Fletcher)

The Swiss Franc continues to play the “safe haven” role as the currency markets volatility show no signs of easing off. If you are looking to sell CHF the strength we see currently presents a great window, I believe once we pass the Brexit concerns investors will move their money back to other currency weakening the Swiss Franc. In the short term however there is a Real Retail Sales figures release tomorrow which is expected to show an increase from 0.2% to 0.5% for the month of March. This positive data release could see the rate gain to the 0.78 region come the afternoon. Next

Read Full Article

SNB Ready to Fight Against CHF Strength?

SNB Ready to Fight Against CHF Strength?

The Swiss National Bank may look to intervene with regards to Swiss Franc value once again if the rate continues to strengthen at its current rate. I think 1.0750 is a key level for EURCHF and should we see a move below that level it’s likely that the SNB may implement methods to reduce CHF’s value. The general consensus surrounding CHF is that it’s overvalued, and with Swiss Inflation revised down for this year from -0.5% to -0.8% it may be that the SNB act’s sooner as opposed to later. Anyone selling Swiss Francs may wish to act sooner rather than later in order to

Read Full Article

Buying CHF becoming more expensive – When to bite the bullet?

Buying CHF becoming more expensive – When to bite the bullet?

Buying the Swizz Franc has been getting continually more expensive over the last fortnight.  A majority of these losses have come from the horrible attack in Europe earlier this week. Many have asked why the EURO and CHF have not weakened as a result? The simply reason is that most of the Hotel, Airlines and Holiday companies which took the biggest hit in value are listed in the FTSE. So the pound saw a potentially ‘unfair’ drop in value.  The attack is also expected to strengthen the Brexit debate for people to vote to leave the EU in June. Buying CHF is now at the

Read Full Article

Will GBPCHF have a sustained period in the 1.30s. (Dayle Littlejohn)

Will GBPCHF have a sustained period in the 1.30s. (Dayle Littlejohn)

A question on all clients minds when transferring GBP into CHF is where are the exchange rates heading? I am a strong believer the ‘Brexit’ is going to heavily weigh down on the Pound up until June 23rd and we are now going to have a sustained period in the 1.30s. If we were to stay in Europe I believe rates would snap back to the 1.40s where as if the UK left I wouldn’t be surprised to see rates fall into the 1.20s for the first time in over 5 years! If you are buying or selling CHF this year, I can give you

Read Full Article

Swiss Franc Strengthens Following Brussels Attacks (Tom Holian)

Swiss Franc Strengthens Following Brussels Attacks (Tom Holian)

The horrific attacks that took place in Brussels yesterday rocked the currency markets and this saw a huge movement for exchange rates. The Swiss Franc strengthened against

Read Full Article

Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)

Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)

The Swiss Franc has seen continued strength residing in the 1.38’s against the Pound. Whilst the Euro and Sterling battle against external factors the Swiss Franc

Read Full Article

Sterling rates drop – STEVE EAKINS

Sterling rates drop – STEVE EAKINS

GBPCHF rates have been dropping recently and are expected to fall further as concerns mount about the impact of the BREXIT. The latest forecasts is that

Read Full Article

SNB leave policy unchanged but currency overvalued

SNB leave policy unchanged but currency overvalued

The Swiss National Bank have left policy unchanged but highlighted their commitment to potentially a weaker Franc as they believe the currency is still overvalued. Trying

Read Full Article

Swiss Franc Expected to Remain a Safe Haven Through Referendum (Ben Fletcher)

Swiss Franc Expected to Remain a Safe Haven Through Referendum (Ben Fletcher)

This morning the Swiss National Bank has kept interest rates at -0.75%. The CHF has been following a volatile path; however there has been a general

Read Full Article

GBPCHF falls into the high 1.30s (Dayle Littlejohn)

GBPCHF falls into the high 1.30s (Dayle Littlejohn)

Today Chancellor George Osborne gave his latest budget to MP’s in the House of Commons. Mr Osborne made further cuts to reduce the deficit by 2020,

Read Full Article