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 a safe haven and investors pile money into the currency for a number of varying reasons. Our regular readers will be aware that in times of market uncertainty and increased risk, the Swiss Franc will often benefit as CHF and JPY see an influx of funds during these times due to their safe haven status. This can at times skew the true value of the currency, and the Swiss National Bank often acts to ensure the currency doesn’t fluctuate
Tag "best Sterling exchange rates"
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 morning’s trading session the Pound received a boost after it emerged that the UK’s services sector is in good health after the PMI figures hit 54.5 in February which is a lot better than the 53.3 expectations. On Friday the UK’s Prime Minister, Theresa May gave a Brexit related speech which has failed to stimulate the markets as the pound remained relatively unchanged. I think that those of our readers monitoring rates should be aware that Brexit related news
The pound has risen back over 1.30 against the Swiss Franc as investors feel a softer Brexit is more likely. The pound has been a large driver on the Franc lately as investors look for clue on Brexit and what might happen next, principally what kind of trade deal the UK will ultimately end up with. The Franc remains historically very strong against the pound but may well weaken further as global events and risk sentiment remove the need for investors to be holding Francs. The Franc is a safe haven currency which means it will strengthen in times of uncertainty as investors shift funds
The Pound has begun the week in strong fashion after gaining against the majority of major currency pairs pairs today and gaining on CHF by around half a percent. Much of its strong start is being attributed to comments from the Bank of England’s Deputy Governor, Sir. David Ramsden that were made over the weekend. In a Sunday Times article he mentioned that interest rates may need to rise faster than it was previously assumed, which the 3% inflation level putting pressure on the economy. He was also hawkish regarding the UK economy in the first half of this year, and said that he doesn’t
Sterling has been struggling for direction over the past week, after a number of mixed signals have resulted in a directionless Pound. It’s been trading within
GBP/CHF – The Swiss Franc has gained ground over Sterling during recent trading and this could be set to continue with Phase two of Brexit talks
GBPCHF has hit its highest point since the EU Referendum vote in June 2016, 19 months ago. The interbank rate of 1.34 is providing some much need
Those following the Pound to Swiss Franc exchange rate will be aware that the Pound has been climbing for a some time now. I think that
The Pound spiked upward today across the board of currencies today, after speculation of a final agreed amount for the Brexit bill has supposedly been agreed.
Will the pound continue to rise against the Franc is a very valid question owing to the recent improvements we have seen on the GBPCHF pairing,
