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EUR CHF Exchange Rates Could See Volatility after EU Speeches on Thursday

EUR CHF Exchange Rates Could See Volatility after EU Speeches on Thursday
October 11
16:24 2017

The Swiss Franc could see a volatile day against the Euro on Thursday with a host of European data and speeches. Industrial production numbers should set the tone although it will be the four European Central Bank (ECB) speakers which are likely to create volatility for EUR CHF. ECB President Mario Draghi and members Praet, Coeure and Lautenschlager will all be speaking and the markets will be closely monitoring for any clues offered as to when tapering of its asset purchasing scheme will commence.

The Euro is also likely to be in for a volatile few days after Catalonia has declared independence but also suspended the declaration so talks can move forward with the Spanish government. Developments with this political hot potato are likely to have an impact on the CHF EUR too as the uncertainty could prove negative for the Euro.

The Swiss Franc remains in stronger position with the global economic uncertainty helping support the Franc as well as the recent tensions between the US and North Korea. The prospect of a military invasion from the US is likely to see further strength for the Swiss Franc if there are any developments on the Korean peninsula. In times of uncertainly the Swiss Franc demonstrates its place as a safe haven currency with funds moving into Francs and helping push the currency higher.

GBP CHF however is struggling to climb much higher although this is more to do with the ongoing Brexit uncertainty which is keeping the pound at aby. The lack of sufficient progress is proving problematic for sterling exchange rates and until the stalemate is broken GBP CHF still has many risks to the downside. Clients with a requirement that involves pounds and Swiss Francs would be wise to get in touch and look at the options available with so much going on in these markets.

If you would like further information on Swiss Franc exchange rates or any of the major currencies and to discuss how we can assist then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on jll@currencies.co.uk

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James Lovick

James Lovick

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