Tag "bank of england"

Swiss Franc to have a positive end to the week vs the Pound

Swiss Franc to have a positive end to the week vs the Pound

The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and see approach as to what might happen in the medium to long term. The Pound fell marginally during this time after the Bank of England once again decided to keep interest rates on hold at a split of 7-2 in favour of keeping the rates the same. Over the next couple of days there is limited data published both here and in Switzerland so the focus in terms of data is likely to come out from the Eurozone with

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Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

A quick glance at a chart showing the Swiss Franc’s performance this year makes for simple reading, as the trend is generally downward against all major currency pairs. There have even been reports of cross-border shopping trips from Switzerland to the surrounding countries declining, as the spending power of the Swiss Franc has diminished quite considerably in the last few months. At the time of writing the CHF/USD pair are sitting almost exactly on 1.00 which is the lowest level since May of last year. This support level was hit in October of last year and if the CHF/USD pair fall below the 1.00 mark

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Bank of England set to influence Sterling Swiss Franc Rates

Bank of England set to influence Sterling Swiss Franc Rates

The most eagerly anticipated data release is due today with the Bank of England due to hold their latest monetary policy decision at lunchtime today. Up until a fortnight ago the anticipation was that we’d see an interest rate hike this month however since then we have seen a number of negative data releases which are likely to keep interest rates on hold at today’s meeting. UK GDP came out at its slowest pace in 6 years and Construction and Services data have shown signs of a real slowdown so an interest rate hike at the moment appears highly unlikely. However, average earnings have outpaced

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What will move Swiss Franc exchange rates?

What will move Swiss Franc exchange rates?

The Swiss Franc is always susceptible to global attitudes to risk, as a safe haven currency it will rise and fall in value according to global sentiments on risk. When the market is fearful the Franc will strengthen when investors are confident in the global economic outlook it will weaken as investors look for more profitable shores elsewhere. The main talking point is at present is the latest news on Iran and the nuclear deal which Trump has now rejected. This has triggered lots of volatility on the Franc which has risen and fallen by a cent today as markets continue to digest the latest

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What’s behind the CHF weakness, and will it continue?

What’s behind the CHF weakness, and will it continue?

The Swiss Franc has been one of the biggest losers during today’s trading session, leading losses out of the G7 countries and there retrospective currencies. Despite

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Swiss Franc gains on sterling

Swiss Franc gains on sterling

In recent weeks the Swiss Franc has been making up some of the losses witnessed against sterling over the last 12 months. CHFGBP 2 weeks ago

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Swiss Franc continues to soften, will next week bring further losses for CHF?

Swiss Franc continues to soften, will next week bring further losses for CHF?

Those of our readers planning on buying Swiss Francs in the short-term future are seeing improving rates on almost a daily basis at the moment. The

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Mark Carney to influence GBPCHF exchange rates

Mark Carney to influence GBPCHF exchange rates

Towards the close of play tomorrow Governor of the Bank of England Mark Carney will address the public and talk about the UK economy. Recently the

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Will a pick up in the Swiss economy result in a stronger Swiss Franc?

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

The relationship between strong economic performance and a stronger underlying currency is somewhat skewed in regards to the Swiss Franc, as the currency is often considered

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GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

Sterling has performed well today against all major currency pairs, with its performance against the Swiss Franc being one of the stand out performers. In this

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