Archive

Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

The Pound is now once again trading just shy of the best rate to buy Swiss Francs since the Brexit vote held in June 2016 which is great news for anyone looking to convert Sterling at the moment. The Pound is now trading at an 18 month high vs the US Dollar and the trend is similar to what is happening vs the Swiss Franc as well. With the US Dollar being sold off at the moment the same appears to be happening with the Swiss Franc hence the current bout of weakness. It appears as though there is an increased investor risk appetite on

Read Full Article

GBP CHF Slips from 18 Month High

GBP CHF Slips from 18 Month High

GBP CHF rates remain supported over 1.32 for the pair having slipped from the 18 month high of 1.33 on Tuesday. The pound remains on a delicate footing as the overall uncertainty over Brexit continues to be a major driving force for sterling exchange rates. It has been reported that the EU are taking very seriously the prospect of a hard Brexit and have also written to 15 sectors advising them to prepare for the worst. It highlights how tricky this negotiation will be and that the pound is still in a precarious position on the perception that Britain could be without a future trade

Read Full Article

Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

The Pound to Swiss Franc buying rate has remained above 1.30 since late October, and I wouldn’t be surprised to see the rate continue to climb from the current levels in my personal opinion. The global economy appears to have recovered from the crisis 10 years ago now, and with interest rates increasing within developed nations now and especially with the Fed Reserve Bank’s target’s of a further 3-rate hikes this year, I expect risk appetite to increase and for the Swiss Franc to weaken across the board of major currencies. The Swiss Franc is now around the cheapest it’s been to buy since the

Read Full Article