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Sterling Hits Resistance against Swiss Franc

Sterling Hits Resistance against Swiss Franc

The pound has just started to see some resistance against the Swiss Franc at these higher levels following a good run higher over the last few weeks. This may now be the peak we have been waiting for. The pound has seen added benefit as the EU referendum polls are now putting the Remain campaign ahead. The extremely pro EU comments from US President Barack Obama have also had a positive impact on sterling although that has by now fully priced into the market. My view is that sterling will see some falls in the coming weeks as a result of the EU referendum. For

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Swiss Franc Gains Lost Ground

Swiss Franc Gains Lost Ground

The Swiss Franc this morning has managed to claw back some of the lost ground against Sterling in the last few days. Even after better than expected GDP figures for the UK there was still an element of caution as the UK Gross Domestic Product only grew 0.4% over the first quarter. Today is a quiet day for the Franc however the EU and many of the major countries such as Germany, Italy and Spain will all release data. Germany is expected to report on the Unemployment Rate and Change, which both are expected to stay the same. However German Consumer Price Index will also

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GBPCHF falling – why would you wait? STEVE EAKINS

GBPCHF falling – why would you wait? STEVE EAKINS

The CHF has a rather close tie in with the euro as regular readers will be aware of.  Recently the commentary from Europe has been with regards to the underlying problems in Greece and a fall out from within the European Central Bank with regards to their policies.  Mario Draghi the head of the bank introduce a wide reaching change to policy at their meeting back in march and there has been more talk about further changes.  Some key members of the bank have been rather public on their views to potentially follow the Bank of japan and others with a zero interest rate hike. 

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GBP/CHF Rates Rally During Tuesday Trading (Matthew Vassallo)

GBP/CHF Rates Rally During Tuesday Trading (Matthew Vassallo)

GBP/CHF rates have rallied over recent days, with the pair hitting 1.4213 at today’s high. There has been a marked improvement in Sterling support since US President Barack Obama’s comments regarding a possible Brexit and the negative implications this could have on the UK economy. Whilst this has strengthened the opinion that a YES vote to leave the EU will harm Britain’s long-term economic prosperity and certainly negatively affect Sterling’s value in the short-term, it has angered leave campaigners who feel that he has no to get involved or try and influence the British public. Either way investors have seen it as a vote of

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GBP Rallies against CHF

GBP Rallies against CHF

The pound has seen additional gains across all of the major currencies including the Swiss Franc as the Obama trip effect continues to be priced in

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Swiss Franc Has Lost All Its Major Gains

Swiss Franc Has Lost All Its Major Gains

The Swiss Franc has essentially unraveled in the last few days as all the investment that was put into the Franc slowly disappears. The strength that

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Sterling Continues to Climb Higher against the Swiss Franc

Sterling Continues to Climb Higher against the Swiss Franc

The pound continues to climb higher against the Swiss Franc after starting its ascent on 11th April 2016. Gains have been well supported most likely on

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Sterling vs Swiss Franc exchange rates moves in upwards direction (Tom Holian)

Sterling vs Swiss Franc exchange rates moves in upwards direction (Tom Holian)

Sterling vs the Swiss Franc has continued to move in an upwards direction during the course of this week in the run up to the ECB’s interest

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Brexit talk to continue to weigh on GBPCHF levels

Brexit talk to continue to weigh on GBPCHF levels

Sterling is currently trading close to a 15 month low against the Swiss Franc, as downward pressure from the upcoming EU Referendum continues to weigh on

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GBPCHF rises but for how long?

GBPCHF rises but for how long?

Finally sterling has found some support against the Franc as investor sentiments over what is around the corner for the pound recovers from the very worst

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