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Global uncertainty leads to CHF strength.

Global uncertainty leads to CHF strength.

As regular traders will be aware, the Swiss Franc is widely known and used as a safe haven currency. So in times of uncertainty traders put funds into this currency to ‘wait it out’. As we are all aware the global market has been introduced to a significant threat over the last 72 hours on the news that the UK population has voted to leave the EU. This fundamental change could have huge ramifications as the papers are more than happy to highlight, these include the potential break down of the UK as Scotland and Ireland look to leave and a further breakdown of the

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Volatility on GBP/CHF due to potential Brexit (Daniel Charles Johnson)

Volatility on GBP/CHF due to potential Brexit (Daniel Charles Johnson)

Voting is now in full swing. We have seen the remain camp gain a lead at one point they were 10 points clear at 55%. The markets have fluctuated as poll results come in. GBP/CHF has ranged from 1.4090-1.4283. Bookies currently have the remain camp as favorites at 1/6. Results will be coming in through the day and the night and expect the markets to react if there is any significant change in voting. I think the UK will remain in the EU and as a result will significantly strengthen over CHF. If you are a CHF seller I would be considering biting the bullet.

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Sterling rises against the Swiss Franc as Remain vote looks to be the winner (Tom Holian)

Sterling rises against the Swiss Franc as Remain vote looks to be the winner (Tom Holian)

Sterling vs the Swiss Franc has increased recently as the speculation surrounding the Brexit vote has caused global investors to buy Sterling again as the Remain vote looks to be winning as we stand. If we see a Remain vote which I personally expect to happen then I think we’ll see rather large gains against the Swiss Franc as confidence and certainty will return to the British economy and therefore Sterling. It won’t be tomorrow morning until we see what may happen with the vote but with the bookies having shortened the odds to 7-1 on for a Remain vote then I would be surprised to

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GBPCHF rates rise on Remain prospects!

GBPCHF rates rise on Remain prospects!

The big driver on the GBPCHF exchange rate at the moment is the uncertainty over just what will happen next with the EU Referendum, this is the big factor likely to weigh on and influence the exchange rate in the next week. It is now looking likely that the UK will remain in the EU and this will give rise to a rising pound and this will push GBPCHF much higher, perhaps to around 1.45 or maybe at a top end 1.50. The likelihood of a Leave vote is now much lower and this could see the rate falling as we approach the big decision

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GBP/CHF rates getting further above 1.40 (Joshua Privett)

GBP/CHF rates getting further above 1.40 (Joshua Privett)

The Pound’s rally against all its major currency pairings, including the Swiss Franc, has been substantial, and immediate. Frankly the rally is also surprising. GBP/CHF rates

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Swiss Franc suffers After Remain Takes Lead (Ben Fletcher)

Swiss Franc suffers After Remain Takes Lead (Ben Fletcher)

The currency markets look very different today after a weekend that saw the Remain campaign move back in front of the Leave. The weekend which saw

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GBPCHF currency update

GBPCHF currency update

The uncertainty within the market about the EU/BREXIT vote is causing a lot of movement in the currency market. This is now just a week away

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GBP/CHF Rates Slide Ahead of EU Referendum (Matthew Vassallo)

GBP/CHF Rates Slide Ahead of EU Referendum (Matthew Vassallo)

UK unemployment data was released this morning and came in better than expected at 5%. This boosted GBP/CHF rates by almost a cent but despite this

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How will the UK Referendum affect GBPCHF?

How will the UK Referendum affect GBPCHF?

Most reports suggest that the pound is likely to fall on a Leave vote whilst rising on a Remain vote. I would not disagree with this

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SNB Policy Meeting and ‘Brexit’ fears to take centre stage this week (Joseph Wright)

SNB Policy Meeting and ‘Brexit’ fears to take centre stage this week (Joseph Wright)

With the UK’s EU Referendum now just over a week away I think it’s fair to say the Swiss Franc is behaving in a way many

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