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Pound hits 2 month high vs the Swiss Franc (Tom Holian)

Pound hits 2 month high vs the Swiss Franc (Tom Holian)
March 15
17:18 2018

The Pound has now hit the best rate to buy Swiss Francs with Sterling since January and is now only 2 cents from the highest level seen since the EU referendum held in June 2016. This is very good news for anyone looking to buy Swiss Francs at the moment.

Indeed, the Pound has been finding a lot of support vs the Swiss Franc in recent weeks as global investors appear to be bypassing the CHF in favour of higher yielding currencies including the USD, which has seen in turn GBPCHF rates go in an upwards direction.

Although not technically in the Eurozone the Swiss Franc is likely to move tomorrow when the Eurozone release the latest inflation figures in the form of the Consumer Price Index.

The expectation is for 1.2% for last month so anything different is likely to result in a lot of volatility for GBPCHF exchange rates so make sure you’re prepared for any eventuality.

As we head into next week the key dates will come towards the end of the week with the latest EU summit which will cover the latest Brexit talks. Could this period be the calm before the storm and if so it may be worth getting your currency organised before this crucial meeting.

If you are in the process of buying or selling Swiss Francs at the moment and would like further information or a free quote then contact me directly and I look forward to hearing from you.

Having worked for one of the UK’s leading currency brokers for 15 years I am confident of being able to offer you better exchange rates as well as helping you with the timing of your transfer.

Email me directly with a brief explanation of your requirement and I look forward to hearing from you

Tom Holian teh@currencies.co.uk

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Tom Holian

Tom Holian

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