Sterling continues to slide in wake of Hung Parliament, will this trend continue? (Joseph Wright)

Sterling continues to slide in wake of Hung Parliament, will this trend continue? (Joseph Wright)
June 12
17:07 2017

The Pound is continuing its downward spiral against all major currency pairs, as today’s trading session has seen another sell-off in the Pound,s value.

The uncertainty surrounding the UK’s situation moving forward is weighing on sentiment and the Pound’s value. and has fallen over 2% since the election result last week.

The relationship between the Pound and the Swiss Franc is interesting as investors tend to magnate towards currencies like the Swiss Franc in times of uncertainty, as the currency is considered a safe haven currency. Therefore in times as political uncertainty within Europe such as now, we could see the Pound continue to weaken due to the issues within the UK, whereas the CHF could benefit from that same uncertainty.

Economic data is being watched very closely now that Brexit negotiations are about to start, and the negative affects of the Brexit vote are coming to the surface. Tomorrow at 9.30am there will be Inflation Data which is expected to show 2.7% for the year, and those watching the GBP to CHF exchange rate should pay close attention to this figure as the Inflation data is likely to determine the next interest rate change by the Bank of England.

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 and I will endeavour to get back to you as soon as I can.

About Author

Joseph Wright

Joseph Wright

Related Articles

Get in touch

Swiss Franc Exchange Rates