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Could the Pound fall lower against the Swiss Franc? (Tom Holian)

Could the Pound fall lower against the Swiss Franc? (Tom Holian)
August 30
16:32 2017

The fears caused by the Brexit vote continue to negatively affect Sterling exchange rates across the board.

Indeed, this is no more evident than against the Swiss Franc which has continued to strengthen recently against the Pound.

The global geopolitical uncertainty is also rising with the threats of missile launches by North Korea and how the world will react.

The Swiss Franc if often used as a safe haven currency and at the moment this is another reason for the continued strength against the Pound and I can’t see this changing in the short term.

We saw lower rates last year for GBPCHF rates but this was caused by the flash crash so the movement was only brief.

At the moment I can’t see too many rays of lights coming the way for the Pound so if you’re considering buying Swiss Francs with Sterling it may be worth looking at buying a forward contract, which allows you to fix an exchange rate for a future date for a small deposit. This also means that you are removing the uncertainty as to where rates may move in the future.

 

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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