Could we see gains for CHF? (Daniel Johnson)

Could we see gains for CHF? (Daniel Johnson)
January 29
17:54 2018

GBP/CHF – The Swiss Franc has gained ground over Sterling during recent trading and this could be set to continue with Phase two of Brexit talks shortly to commence. UK Chief Negotiator, David Davis and EU Chief Negotiator, Michel Barnier are far from being on the same hymn sheet in regards to Brexit.

Davis has accused EU services of approaching UK companies and advising them to relocate their head quarters to the EU or risk losing their contracts. Davis is clearly not happy as the UK is still a member of the EU. Trade deals are set to be determined in the next set of talks , these are perhaps the most important talks in the whole Brexit process and I expect them to be far from straight forward. Let us hope Brussels are not trying to set an example with the UK, making things difficult in order to warn off other potential EU rebels.

Swiss Retail Sales figures could cause a movement in CHF value.

Keep an eye on Swiss Retail sales on Thursday as this could create volatility on the exchange. It is a measure of consumer spending and demand. I think we could well see a decline as we move away from Christmas spending.

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