Tag "bank of england"

Pound hits best level to buy Swiss Francs since May (Tom Holian)

Pound hits best level to buy Swiss Francs since May (Tom Holian)

The Pound has hit its best rate to buy Swiss Francs since May after the Bank of England mentioned that they may be gearing up for an interest rate hike sooner than the market expects. During the announcement the Bank of England spoke about stronger than expected UK economic growth and combined with rising inflation as well as the strongest UK unemployment figures in over 30 years the ingredients could influence an interest rate hike in the next few months. At the end of next week on Friday Prime Minister Theresa May will be speaking in Florence to announce her plan for a post-Brexit Britain in

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Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

The best time to have converted Swiss Francs into Sterling over the past decade would have been around October of last year, when the fears surrounding the Brexit really begun. At the time the rate hit the 1.20’s which in the reverse equates to almost 0.83 pence per Swiss Franc, and at the time of writing we’re getting closer to these levels as the current rate is just over 0.80 cents. Due to the issues between North Korea and Japan/USA there appears to be more of a demand for safe haven currencies such as CHF, as well as commodities such as Gold. The Pound has

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Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Sterling tumbled against most major currency pairs today, and especially against safe haven currencies such as the Swiss Franc. The Pound dipped as soon as it was announced that interest rates will remain unchanged and the voting pattern has become less bullish in favour of a rate hike, as inflation levels have eased slightly in recent weeks. The Bank of England also adopted a cautious tone and cut its growth forecast for the UK economy in 2017 from 1.9% down to 1.7%. Mark Carney, a very important figure as he’s the governor of the Bank of England also warned of the risks of Brexit, and

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What can we expect next for the GBPCHF exchange rate?

What can we expect next for the GBPCHF exchange rate?

The pound to Swiss Franc rate has been sliding on the uncertainty of the UK raising interest rates. The general impression from the market is that the UK will fail to raise interest rates as quickly as many had hoped. Whilst I believe GBPCHF could easily drop lower say to below 1.20, ore than likely we will come to some form of settlement in the 1.22-1.23 range. A big factor driving the Franc against the pound is the positioning and we fell to almost the lowest rates in 2017 earlier today as sterling fell on comments from the Bank of England yesterday. There is a

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Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Yesterday Ian McCafferty one of the current eight voting members of the Monetary Policy Committee from the Bank of England, gave another hawkish press conference in

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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

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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 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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Will the Pound to Swiss Franc rate go back over 1.30?

Will the Pound to Swiss Franc rate go back over 1.30?

The pound to Swiss Franc rate has slipped from the recent highs of over 1.30 which were the best rates to buy Francs with pounds since

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Pound falls from recent highs vs the Swiss Franc (Tom Holian)

Pound falls from recent highs vs the Swiss Franc (Tom Holian)

The Pound vs the Swiss Franc exchange rate has fallen over the last few days after the recent UK Quarterly Inflation Report published last Thursday. Bank

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