Blog

GBPCHF breaks the 1.30 but quickly falls back!

GBPCHF breaks the 1.30 but quickly falls back!
May 12
08:44 2017

The pound to Swiss Franc rate has broken 1.30 this week as sterling has risen and investors confidence over the outlook for politics in the Eurozone increased. The election of Emmanuel Macron has removed the uncertainty over the increase in Europe of right-wing parties which could have threatened the government. The overall belief is that we are in a much better position for the Swiss Franc as confidence increases over the global

The market is now looking towards the French regional elections in June as trigger points to further volatility on safe haven currencies like the Swiss Franc. The Franc as a safe haven currency has been much stronger as investors believe the market favours political uncertainty. With Brexit and Trump causing the Franc to strengthen at times the outcome of the French election was crucial.

If you have a transfer to make then understanding the market in advance is key to making the most of the volatility. If you are looking to buy or sell currency in the future then making some plans in advance, the shock movements on sterling yesterday highlight how unpredictable the currency markets can be.

Yesterday sterling was poised to improve but ended up slipping as all of the data disappointed and the Bank of England announced that they would be cutting growth forecasts as they expect Inflation to really bite this year.

All in all the GBCHF rate is at some of the best in 2017 to buy Francs. If you have a transfer the coming weeks will be very interesting as we get further news on the UK election, French regional election and also international concerns. For more information and to get the latest news and information on getting the best rates please contact me Jonathan Watson by emailing jmw@currencies.co.uk.

About Author

Jonathan Watson

Jonathan Watson

Related Articles

Get in touch

Swiss Franc Exchange Rates