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Will next months vote create volatility for the Swiss Franc?

Will next months vote create volatility for the Swiss Franc?

Next month on the 10th of June there will be a key vote in Switzerland. It’s being labelled as ‘Vollgeld’ and it pertains to whether the Swiss want to reform their monetary system in an unprecedented way. There hasn’t been much talk of this Referendum in the economic world outside of Switzerland because a ‘Yes’ vote is apparently highly unlikely. I guess there are parallels with the Brexit vote which few expected, so I wouldn’t rule out a major move for CHF exchange rates should there be a shock decision. If there is a Yes vote there will be a lot of uncertainty, and I

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Swiss Franc starts to claw back ground as investors take a shine to the safe haven currency again

Swiss Franc starts to claw back ground as investors take a shine to the safe haven currency again

The Swiss franc has been one of the poorest performers of all major currencies so far in 2018, losing roughly 5% of value against the Dollar and 3% against Sterling. It does appear though from signs this week that investors and speculators are starting to look at the currency in a more positive light, and we have seen a slight fightback as the week has progressed. Swiss economic data has been ok in recent times and although the general view is that we will not see any movement in interest rates for Switzerland until we see a move from the European Central Bank as they

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Swiss Franc to have a positive end to the week vs the Pound

Swiss Franc to have a positive end to the week vs the Pound

The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and see approach as to what might happen in the medium to long term. The Pound fell marginally during this time after the Bank of England once again decided to keep interest rates on hold at a split of 7-2 in favour of keeping the rates the same. Over the next couple of days there is limited data published both here and in Switzerland so the focus in terms of data is likely to come out from the Eurozone with

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Will the SNB raise interest rates?

Will the SNB raise interest rates?

The Swiss National Bank (SNB) could be moving forward in their process of raising interest rates according to current reports with the previous Q4 2019 hike predicted to become reality in Q3. This minor shift in expectations is positive for the Swiss Franc and gives the market some news to be targetting and assessing in deciding the value of the CHF. With interest rates in Switzerland having been at -0.75% since January 2015, the future guidance could see the Franc strengthening as investors price up the possibility of increased returns. The main reason for cutting rates so low had been to weaken the currency which in the

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Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

A quick glance at a chart showing the Swiss Franc’s performance this year makes for simple reading, as the trend is generally downward against all major

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Bank of England set to influence Sterling Swiss Franc Rates

Bank of England set to influence Sterling Swiss Franc Rates

The most eagerly anticipated data release is due today with the Bank of England due to hold their latest monetary policy decision at lunchtime today. Up

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What will move Swiss Franc exchange rates?

What will move Swiss Franc exchange rates?

The Swiss Franc is always susceptible to global attitudes to risk, as a safe haven currency it will rise and fall in value according to global

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What’s behind the CHF weakness, and will it continue?

What’s behind the CHF weakness, and will it continue?

The Swiss Franc has been one of the biggest losers during today’s trading session, leading losses out of the G7 countries and there retrospective currencies. Despite

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Swiss Franc gains on sterling

Swiss Franc gains on sterling

In recent weeks the Swiss Franc has been making up some of the losses witnessed against sterling over the last 12 months. CHFGBP 2 weeks ago

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CHF makes gains against Sterling (Daniel Johnson)

CHF makes gains against Sterling (Daniel Johnson)

Could Bank of England rate hike now be off the cards? The Pound has suffered against the Swiss Franc of late , but Sterling still remains only

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