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CHF Forecast – Swiss Economy Continues to Impress (Matthew Vassallo)

CHF Forecast – Swiss Economy Continues to Impress (Matthew Vassallo)

The Swiss economy has grown at a faster pace than expected during the first two quarters of 2018, although analysts have indicated that the CHF is still over-valued. This they believe, is restricting an increase in their exports, due to the increased price of goods & services. GBP/CHF rates have dipped over recent weeks, with the pair now trading around 1.32. Fears over the current state of the UK economy have continued to manifest themselves over recent days, in line with the greatest signs of stress shown since the Eurozone economy and double-dip recession six years ago. The Pound in turn has struggling to make

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GBPCHF to fall throughout June

GBPCHF to fall throughout June

Its a key month for Brexit negotiations as EU leaders are set to meet at the EU summit at the end of the month. At the time of writing this article MP’s within the House of Commons are voting on the amendments set out by the House of Lords and so far, MP’s are voting in favour of disregarding the lords amendments. So far the pound has strengthened since voting begun as it appears investors believe Theresa May negotiating power remains intact. However, the EU summit I believe will cause major problems for sterling exchange rates. The Irish border and customs union problem is far

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CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

The Swiss economy strengthened during the first quarter of 2018, with Gross Domestic Product (GDP) growing by 2.2%. This is the first time their economic output had surpassed 2% since 2016, with a surge in investment and solid trade relationships helping to propel the Swiss economy forward. The CHF has styed solid throughout and continues to remain a safe haven for investors, despite the Swiss National bank (SNB) trying to keep the CHF’s value in check. GBP/CHF rates continue to float above 1.32 level, with the CHF gaining plenty of support over the past month. The pair have fallen by almost 4 cents from the

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Swiss Franc Supported on Better Inflation

Swiss Franc Supported on Better Inflation

Rates for GBP CHF has slipped in recent week with levels hovering around the 1.32 mark for the pair. The Swiss Franc has been marginally boosted following the latest Consumer Price Index inflation numbers released this morning. Swiss inflation climbed higher to 1% for the year which was above the expected forecast of just 0.9% and the numbers were up to 0.4% for the month of May. The markets will be keeping a close eye on what happens in Iran in these coming weeks after US president Donald Trump pulled out of the Iran nuclear deal. Any escalation in geopolitical tensions or a sharp rise

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A tough 3rd quarter for Swiss exchange rates

A tough 3rd quarter for Swiss exchange rates

In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists

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