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GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?

GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?

The pound has risen against the Swiss Franc as we get closer to understanding just what Brexit means for the UK and global concerns ease, weakening the Franc. The pound is essentially a barometer of progress on Brexit whilst the Swissie is effectively a barometer of global attitudes to risk. At present, a weaker Franc and stronger pound is presenting a good opportunity for CHF buyers, will this last? The Franc looks likely to remain on the weaker side and it would not be wholly surprising to see the Franc weaken further as global attitudes to risk subside further as investor concerns over problems in the

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Will the bull run for the Pound continue? (Joseph Wright)

Will the bull run for the Pound continue? (Joseph Wright)

After falling from it’s 2017 highs of around 1.34, the GBP/CHF pair has since dipped and begun to climb back towards that mark again. At the time of writing, the pair are trading just below 1.33 which is around a cent from the Year-To-Date high. The Pound has been boosted today due to a data release earlier where it emerged that Retail Sales surged in November. The actual figure far exceeded the expectation as markets were expecting to see a figure of 0.4% which would have been up from the October figure of 0.3%, but Retail Sales figures rose by 1.1% during November. Although the

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EU summit to dictate GBPCHF exchange rates

EU summit to dictate GBPCHF exchange rates

Since the end of August the pound has been making inroads against the Swiss Franc and recovering from the dramatic drop in exchange rates since the Brexit vote over 18 months ago. GBPCHF has gained 8 cents in 4 months. To put this into monetary value, clients converting £200,000 into CHF now compared to 4 months ago will achieve an additional CHF16,000. This week EU officials will meet in Brussels to discuss Brexit at the EU summit. In recent weeks the Brexit negotiations have been fairly successful as both parties have to an agreement in regards to the Irish border, EU citizens rights and the

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What can we expect next on GBPCHF rates?

What can we expect next on GBPCHF rates?

The pound has not been performing exceptionally well following a very positive run of form. Today we had the latest Inflation data which has shown the rate of Inflation increasing for the UK but since the market believes it has probably peaked, we will in fact probably see the pound lower against the Franc in the future. GBPCHF did hit 1.3461 in the peak times last week but now we have dropped back to 1.32’s. If you need to buy Francs in the future then getting the right rate is important to maximise the position. Expectations are for the pound to rise further in the

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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

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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

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