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CHF makes back lost ground (Ben Fletcher)

CHF makes back lost ground (Ben Fletcher)

The Swiss Franc ended the day at its strongest for a week, looking likely to start the new month in the 1.44’s against Sterling. Tomorrow there will be Retail Sales for May which are expected to show an improvement compared to last year. There will be Gross Domestic Product data also being released first thing in the morning. The QoQ GDP is expected to show a small decrease whilst the YoY could show a 0.4% increase. The Franc could well strengthen heavily in the coming weeks as we move towards the EU Referendum. In previous times of volatility such as the Scottish Referendum and UK

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Poor growth drops GBP/CHF to 1.45

Poor growth drops GBP/CHF to 1.45

Poor growth and investment figures for the UK released this morning have halted the Pound’s strong two day rally which initially allowed GBP/CHF to breach 4 month highs at 1.46. Growth for the year has been downgraded once more from 2.1% to 2%, with confirmation now that the UK’s underwhelming growth during Q1 of this year at 0.4% is even lower than that of the Eurozone at 0.6%. Business investment is also down, which is no surprise, who would invest without knowing which direction the economy will be going in a few weeks, let alone 6 months down the line? The surprise was just how

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GBP/CHF rates see boost despite poor UK data (Joshua Privett)

GBP/CHF rates see boost despite poor UK data (Joshua Privett)

Buying rates for the Swiss Franc saw a large boost today despite poor figures for the UK public sector. Borrowing came out much higher than initially expected, and yet the Pound had a strong run. This is a reflection of just how much the value of the Pound is currently linked into the Referendum. Betting odds now have it overwhelming in favour of the Remain camp, with 7/1 odds of the UK staying within the EU. Polling data is released from multiple companies on a daily basis, so despite the economic releases for markets to trade on every few days, much of the noise is

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GBP/CHF Rate Jumps to January Levels

GBP/CHF Rate Jumps to January Levels

Sterling’s recent strength has caused GBP/CHF to jump back towards levels last seen at the start of 2016. Sterling has been on a steady decline after the general fear of a potential Brexit has created market uncertainty. However last week there has been an Ipsos MORI opinion poll that indicated the Remain campaign has 55% of the vote. This is one of the 1st major polling companies to produce a significant definitive sway. Whilst the pollsters got the UK general election wrong, they are being trusted with gauging the sentiment before the vote that’s in less than a month. This week for Switzerland we have

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Buying Swiss Francs becoming cheaper

Buying Swiss Francs becoming cheaper

Clients looking at buying CHF should be very aware of the gains that have been seen recently. Over the last 7 days we have seen levels

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What has the potential to move GBP/CHF this week?

What has the potential to move GBP/CHF this week?

On Tuesday at 09.30am we will see the release of UK public sector net borrowing. I expect a slight increase which could weaken Sterling against the

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UK Unemployment gives GBPCHF a boost

UK Unemployment gives GBPCHF a boost

The value of the CHF has been climbing recently, IE the price to buy has been falling, GBPCHF is up.  This is as a result of

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GBP/CHF rate jumps after ECB member comments (Ben Fletcher)

GBP/CHF rate jumps after ECB member comments (Ben Fletcher)

The GBP/CHF rate jumped to the 1.41’s this morning after an article in which Jens Weidmann who is the head of the Bundesbank and a Council

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Will CHF continue to decline? (Joseph Wright)

Will CHF continue to decline? (Joseph Wright)

Swiss Franc sellers have been having a bit of a rough time lately as global markets are seeing a pick up in risk sentiment. The Swiss

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GBP/CHF rates inches from the 1.39 levels (Joshua Privett)

GBP/CHF rates inches from the 1.39 levels (Joshua Privett)

As UK markets opened for trading this morning, GBP/CHF rates got within less than 0.001% of hitting below the magic 1.40 mark. The relationship between the

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