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Further Swiss Franc strength ahead? (Tom Holian)

Further Swiss Franc strength ahead? (Tom Holian)
May 23
17:00 2017

The Pound was recently testing levels of almost 1.30 to buy Swiss Francs which was the best rate to buy Swiss Francs with Pounds in months. However, in the last week we have seen the GBPCHF exchange rate fall after the recent issue of rising inflation in the UK.

With just over 2 weeks to go before the UK’s general election the Pound has been struggling with the uncertainty as to what may happen when the UK goes to the polls.

The strong likelihood is that the Conservatives will win as there does not appear to be any obvious opposition and already demonstrated with the recent local elections which saw almost a whitewash for the Tories over any other opposition party.

Tomorrow morning Switzerland reveals it latest industrial production data and I think this could come out strong and this could see GBPCHF exchange rates go in the wrong direction.

Working for one of the UK’s leading currency brokers since 2003 I am confident not only of being able to offer you better exchange rates than using your own bank but also help you with the timing of your currency purchase.

If you would like further information or a free quote when buying or selling Swiss Francs then contact me directly 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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