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Will GBPCHF rise or fall in December?

Will GBPCHF rise or fall in December?

I would personally not be expecting any big problems for GBPCHF buyers in December since I feel the prospect of a US interest rate rise next month will weaken the Franc as investors opt to put money into the US dollar. Of course the Franc is like the US currency a safe haven so investors will be looking to adjust their holdings of other safe haven investments. Sterling is looking increasingly stable at these levels but looking forward I am concerned for the pound, I think 2017 could be a tough year as we finally get some of the economic data more accurately reflecting expectations

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GBP CHF Gains – Rates over 1.26

GBP CHF Gains – Rates over 1.26

Rates for buying Swiss Francs dollars remain incredibly subdued post Brexit but there has been a general improvement over the last month. Rates for the moment appear to have found support over 1.24 for GBP CHF and this has largely come about following the Trump US presidential election victory. Despite a leaked government document titled Have cake and eat it, the markets and sterling were largely unphased. The pound has seen an excellent day against the Swiss Franc after very strong UK mortgage approvals from the Bank of England which gave sterling a big injection. The mood is starting to look considerably more upbeat and Brexit

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What will affect the Swiss Franc short term? (Daniel Johnson)

What will affect the Swiss Franc short term? (Daniel Johnson)

Data Releases of Consequence There are several data releases which could cause swings in Swiss Franc value this week. First up, we have employment data on Tuesday morning. The employment level releases by Swiss statistics shows the number of employed workers . If there is a rise it indicates economic expansion and the Franc could benefit. The next significant data release is Retail Sales on Thursday. The retail sales is a survey of goods sold in the last month and serves as an indicator of the Swiss consumer demand. I would not be surprised to see a slight increase which could cause the Swiss Franc

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GBPCHF rates could fall further today

GBPCHF rates could fall further today

The GBPCHF rate has slipped a little in early morning trading today as investors await the UK budget due today. Amongst the usual leaks and rumours there appears likely to be a budget which will not be overly generous as some expect but will seek to keep the UK economy on a fairly stable course. UK Borrowing and Debt is still a huge issue for financial markets and Hammond will I am sure wish to retain some of the financial credibility that has put the Tories back into Government. One of the members of the Swiss National Bank Governing Board members Fritz Zurbrugg is giving

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Sterling improves against the Swiss Franc after positive comments by Theresa May (Tom Holian)

Sterling improves against the Swiss Franc after positive comments by Theresa May (Tom Holian)

Sterling has seen huge gains vs the Swiss Franc during today’s trading session as Prime Minister Theresa May spoke out in an attempt to reassure the

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UK Retail Sales Figures to Impact GBP/CHF Exchange Rates (Matthew Vassallo)

UK Retail Sales Figures to Impact GBP/CHF Exchange Rates (Matthew Vassallo)

UK Retail Sales figures are released this morning at 09.30 and could have an impact GBP/CHF exchange rates. The Pound has gained ground against the CHF

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GBPCHF rates rise but for how long?

GBPCHF rates rise but for how long?

The Swissie has remained very strong against a much weaker pound but the outlook is still very shaky. The principal reason for the changes are of

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GBP CHF Rebounds after Dubious Brexit report (James Lovick)

GBP CHF Rebounds after Dubious Brexit report (James Lovick)

The pound took substantial losses against the Swiss Franc and every major currency this morning before recovering in afternoon trade. The leaked government report this morning

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The Trump Factor continues to boost Sterling (Daniel Johnson)

The Trump Factor continues to boost Sterling (Daniel Johnson)

Since Trump’s election we have seen Sterling rally against the Swiss Franc. Trump’s stance towards trade negotiations differs to that of Obama’s. He has stated trade

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GBP/CHF Rates Spike Following US Election Results! (Matthew Vassallo)

GBP/CHF Rates Spike Following US Election Results! (Matthew Vassallo)

GBP/CHF rates spiked by almost two cents during Wednesday’s trading, providing those clients holding Sterling with some of the best rates they’ve seen in the past

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