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GBP CHF Breaks 1.33 on Brighter Brexit Outlook

GBP CHF Breaks 1.33 on Brighter Brexit Outlook

The Swiss Franc remains strong as it retains its lure as a safe haven currency. However a member of the Swiss National Bank (SNB) Fritz Zurbruegg said yesterday that the central bank remains ready to intervene to curb upward pressure on the Swiss Franc in a bid to artificially weaken the Franc. The SNB has had to intervene in the past which has created immense market volatility for Swiss Franc exchange rates and the central bank appears to be warning the markets that there could be more to come. Clients looking to buy or sell Swiss Francs could see considerable volatility in the coming weeks

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Pound soars after Brexit bill breakthrough, will the upward trend continue? (Joseph Wright)

Pound soars after Brexit bill breakthrough, will the upward trend continue? (Joseph Wright)

The Pound spiked upward today across the board of currencies today, after speculation of a final agreed amount for the Brexit bill has supposedly been agreed. The figure is rumoured to be around the £50bn mark and the markets have welcomed the news, as the likelihood is that that the path of trade negotiations will now be cleared. Up until now this has been a sticking point, so I think that should the rumours be true and the figures be made official, I wouldn’t be surprised to see the GBP/CHF rate continue to climb and reach levels of 1.35 once again, which is a level

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Uncertainty surrounding US Tax cuts could benefit CHF (Daniel Johnson)

Uncertainty surrounding US Tax cuts could benefit CHF (Daniel Johnson)

CHF – The Safe Haven of choice for the savvy investor The US dollar is usually the investors destination of choice if you looking to put your money into a safe haven currency. It is also offers reasonable returns due to the favorable interest rate. The Federal Reserve could well raise rates shortly according to popular opinion, with the next FED interest rate decision due on 13th December. The hike could well be factored into to current rates as the market moves on rumour as well as fact. This week however there is expected to be high volatility in any currency pair involving the green

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GBP CHF Maintains Support above 1.30

GBP CHF Maintains Support above 1.30

The Swiss Franc remains very strong due to its safe haven status amidst all the ongoing global economic and political uncertainty although it has come under new pressure and has moved away from the highest levels. Next week commences with Swiss employment data which is likely to be keenly monitored by the Swiss National Bank. On Thursday however Swiss Gross Domestic Product is more likely to have an impact on Swiss Franc exchange rates. Any improvement in the economic data is likely to lend support to an already strong Swiss Franc. The Swiss National Bank did signal recently that is would not hesitate to intervene

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Will GBPCHF keep rising?

Will GBPCHF keep rising?

Will the pound continue to rise against the Franc is a very valid question owing to the recent improvements we have seen on the GBPCHF pairing,

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Swiss Franc Slides Lower

Swiss Franc Slides Lower

The Swiss Franc has seen some weakness of late as risk appetite is changing which is creating less demand for the Swiss Franc. Investors for the

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What can we expect next for the Swiss Franc?

What can we expect next for the Swiss Franc?

The Swiss Franc has weakened against sterling towards the end of this week as some stronger than expected GBP data on Retail Sales has seen the

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Swiff Franc Reported to be “Highly Valued” (James Lovick)

Swiff Franc Reported to be “Highly Valued” (James Lovick)

The Swiss Franc could find itself under considerable pressure all of a sudden after the Swiss government has described the Swiss Franc as highly valued. The

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GBP CHF Breaks over 1.31 Before SNB Speech

GBP CHF Breaks over 1.31 Before SNB Speech

The Swiss Franc has seen a notice able weakening against a number of the currencies including sterling. GBP CHF is now trading above 1.31 for this

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Will GBPCHF remain above 1.30?

Will GBPCHF remain above 1.30?

GBPCHF has has a very volatile few weeks, principally as a result of the latest UK interest rate decision which has seen some big shifts on

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