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Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)
January 10
17:57 2018

The Pound to Swiss Franc buying rate has remained above 1.30 since late October, and I wouldn’t be surprised to see the rate continue to climb from the current levels in my personal opinion.

The global economy appears to have recovered from the crisis 10 years ago now, and with interest rates increasing within developed nations now and especially with the Fed Reserve Bank’s target’s of a further 3-rate hikes this year, I expect risk appetite to increase and for the Swiss Franc to weaken across the board of major currencies.

The Swiss Franc is now around the cheapest it’s been to buy since the Brexit vote around 18-months ago now. I think that those looking into making a currency transaction involving the pair discussed today should be aware that even though unemployment levels in Switzerland fell recently, and retail sales have impressed the currency is still losing value.

The reason behind the weakening CHF is likely due to the fact that it offers very low rates of return, and is considered a safe haven currency. In times of increased appetite for investment risk the CHF along with the Japanese Yen tend to struggle.

If you have a large 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 (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

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Joseph Wright

Joseph Wright

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