Tag "Award winning exchange rates"

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

The Pound has found some support over the past week, gaining almost two cents on the CHF at its high. GBP/CHF exchange rates are continuing to float around 1.25, following positive comments made last week by Bank of England (BoE) governor Mark Carney. Carney alluded to a prospective interest rate hike over the coming months, although with no timeline given on the prospective height, are we witnessing something of a false dawn for Sterling? The Franc has found support under 1.25, despite worse than expected inflation data released this morning and the markets focus will now switch to tomorrow, with a host of key economic

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What can we expect for the GBPCHF exchange rate?

What can we expect for the GBPCHF exchange rate?

The pound has been the main driver on this currency pairing as the uncertainty over the UK election persists. Whilst the Theresa May and DUP (Democratic Unionist Party) union is helping hold the Conservative in a majority there is mounting speculation that actually the pound will suffer further in the future as we get news of a potential further election. Such uncertainty is weighing greatly on the pound which remains at lower levels. the Franc is a safe haven currency and actually strengthens in times of global uncertainty, markets are slightly on edge as speculation mounted this week of the ECB ‘taper’ as the Eurozone

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Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

The Pound finally made some headway during Wednesday’s trading, gaining almost two cents against the CHF at today’s high. With GBP/CHF once again trading above 1.24, clients holding Sterling have BoE government Mark Carney to thank for today’s improvement. Carney surprised the markets by suggesting a rise in UK interest rates was not being discounted, despite comments he made last week which seemed to dampen expectation of a hike. He even went as far as to suggest that it would be necessary, should UK business’s shrug off Brexit uncertainty and raise investment and wages. He stopped as far as giving a timeframe on any prospective

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Swiss Franc remains strong (Dayle Littlejohn)

Swiss Franc remains strong (Dayle Littlejohn)

In the past many of my clients that are not experienced within the currency markets have asked why the Swiss Franc is incredibly strong against all of the major currencies when interest rates are currently in minus territory (-0.75%). Higher interest rates tend to strengthen the currency as investors can receive higher interest on their assets. Switzerland is known as a safe haven currency which means international investors want to leave their assets (normal large amounts) within the country as they believe the value will not depreciate, even thought Banks essentially charge their clients to hold their money. The currency company I work for is

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UK Political Turmoil halts any chance of Sterling Rally (Daniel Johnson)

UK Political Turmoil halts any chance of Sterling Rally (Daniel Johnson)

Political Situation key to GBP/CHF buoancy levels The UK is currently in political limbo. We have no government in place and there are rumors a mutiny

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Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

The Pound has gained roughly around 1% against the Swiss Franc this week, making the prospect of buying Swiss Francs with Pounds a more attractive prospect.

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Sterling Under Pressure – SNB Keep Interest Rates Unchanged (Matthew Vassallo)

Sterling Under Pressure – SNB Keep Interest Rates Unchanged (Matthew Vassallo)

The Pound has found life tough going over the past week, as the markets continue to digest the surprising results of last week’s general election. The

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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)

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

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Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

The Pound has steadied this afternoon after opening the weeks trading session under pressure. The currency got off to a bad start after another terrorist attack,

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Rapid Rise in Inflation causing problems for Sterling (Daniel Johnson)

Rapid Rise in Inflation causing problems for Sterling (Daniel Johnson)

Inflation data weakens Sterling Yesterday saw the release of Consumer Price Index (CPI) data. CPI is a measure of inflation and yesterday we saw a rise

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