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Where next for the Swiss Franc? (Tom Holian)

Where next for the Swiss Franc? (Tom Holian)
September 05
06:57 2017

Sterling vs the Swiss Franc has once again fallen during today’s trading session as the Pound has had another appalling day against all major currencies.

The Pound has fallen the most against the Swiss Franc as the Brexit woes continue to weigh heavily on the Pound.

The uncertainty caused by what is happening in North Korea has also helped to strengthen the Swiss Franc as often when we see geopolitical uncertainty this helped to strengthen the Swiss Franc vs the Pound.

Tomorrow morning the Eurozone announces the latest set of Services PMI as well as Retail Sales. Clearly Switzerland is not part of the Eurozone but generally speaking whatever happens to the rest of Europe will often impact Swiss France exchange rates.

If the data is positive in the morning I fully expect to see further Franc strength vs Sterling so if you’re in the process of selling Pounds to buy Francs then it may be worth organizing this in the short term.

Swiss inflation is also due in the morning as well as GDP so expect big movement for GBPCHF exchange rates in the morning.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency.

A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as soon as I can.

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Tom Holian

Tom Holian

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