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GBP CHF Supported on Transitional Brexit Deal

GBP CHF Supported on Transitional Brexit Deal

The pound has proven extremely resilient against the Swiss Franc with rates for the GBP CHF pair now sitting at 1.3450. GBP CHF has been given a considerable boost after the transitional agreement was reached last week between Britain and the EU which has helped support the pound considerably. The transitional deal gives Britain access to the single market for another 18 months which should prevent what has been described as a cliff edge Brexit. There are currently some much better opportunities to buy Swiss Francs although these levels may not last indefinitely. The ongoing issues surrounding Brexit which include the Irish border and financial

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Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

The Pound has started the week off on a very positive note vs the Swiss Franc breaking past 1.34 which is close to the highest rate to buy Swiss Francs since the EU referendum vote back in June 2016. The Swiss Franc is often used as a safe haven currency but with the US having raised interest rates last week it appears as though global investors are moving away from the Swiss Franc and into alternative currencies. The Pound has also had a very good run in part triggered by the good news surrounding the transitional deal which the UK managed to secure during last

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CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data (Matthew Vassallo)

CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data (Matthew Vassallo)

The CHF has struggled to make much of an impact against Sterling this week, with a strong run of economic data helping to support Sterling’s value. The Pound received support earlier this week, following reports that a deal has been agreed between UK & EU to facilitate a transitional period following the Brexit deadline next year. This will help in theory, to ensure a smooth transition for the UK as we separate ourselves from our European neighbours. GBP/CHF rates hit a high of 1.3462 before retracting slightly by the close of European trading. Sterling’s positive start to the week was cemented following strong UK employment

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GBP CHF Rallies on Good Brexit Outlook

GBP CHF Rallies on Good Brexit Outlook

Rates for GBP CHF have seen an excellent jump higher following the agreement reached on Monday between Britain and the EU on a transitional agreement as part of the ongoing Brexit negotiations. There is currently a good opportunity for buying Swiss Francs with pounds and clients should consider securing at these higher levels whilst they are still available. For the moment the pound remains supported on the back of the positive news. The mains reason the pound has surged is largely due to the fact that there is some confidence for business at the moment. There have been a number of political figures who have

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Pound hits 2 month high vs the Swiss Franc (Tom Holian)

Pound hits 2 month high vs the Swiss Franc (Tom Holian)

The Pound has now hit the best rate to buy Swiss Francs with Sterling since January and is now only 2 cents from the highest level

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GBPCHF rates back to near post Referendum highs!

GBPCHF rates back to near post Referendum highs!

The Swiss Franc is weaker on fading concerns over numerous international events that can make the Franc stronger. Expectations are also linked to the upcoming Swiss

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Will a pick up in the Swiss economy result in a stronger Swiss Franc?

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

The relationship between strong economic performance and a stronger underlying currency is somewhat skewed in regards to the Swiss Franc, as the currency is often considered

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Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

The Swiss Franc has continued to remain above 1.30 on the Interbank level during the course of this week even though the Pound is currently under

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Risk sentiments key to GBPCHF exchange rates

Risk sentiments key to GBPCHF exchange rates

The pound to Swiss Franc exchange rate has been volatile this week as markets get closer to understanding fresh news and information on global elements that

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GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

Sterling has performed well today against all major currency pairs, with its performance against the Swiss Franc being one of the stand out performers. In this

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