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Pound to Swiss Franc rate trading around post-Brexit vote highs, will the trend continue? (Joseph Wright)

Pound to Swiss Franc rate trading around post-Brexit vote highs, will the trend continue? (Joseph Wright)

The rate for exchanging Pounds into Swiss Francs is now trading well into the 1.32’s, which are the highest levels seen since the Pound fell dramatically in the wake of the Brexit vote which shocked the global markets. Now that global markets appear to be recovering which is underlined by rising interest rates in a number of developed nations, currencies such as the Swiss Franc and Japanese Yen which are considered safe haven currencies have begun to soften. This is because investors no longer fear holding funds outside of safe haven currencies and products, and as a result we’re seeing the Swiss Franc lose value

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Best time to buy Swiss Francs with Pounds since Brexit (Tom Holian)

Best time to buy Swiss Francs with Pounds since Brexit (Tom Holian)

The Pound has now hit its best rate to buy Swiss Francs since the Brexit vote in June 2016 as the Pound has really improved following the positive news surrounding the latest Brexit topic. Rumours are increasing that the UK are trying to agree figures with the EU with the divorce bill of approximately €50bn and if this can be agreed at some point we could see further gains for Sterling exchange rates against all major currencies including vs the Swiss Franc. The sticking point however is the ongoing saga of what will happen with the Irish border, which is still far from being agreed.

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