The Swiss Franc has been strengthening against sterling as fears over Italy, which had previously been causing the Franc to weaken look like they might be resolved. Talk of a coalition meeting again to resolve the current problems have seen the Euro strengthen which has helped the Franc too. With a deep relationship between the Franc and the Euro, these currencies can closely track either which causes movement on GBPCHF. I think that any further major uncertainty over what is happening could see the Franc stronger against the pound and could easily push us lower, perhaps to break 1.30. Especially with the pound being much
Tag "best Sterling exchange rates"
Although some economists aren’t predicting the recent bout of CHF strength to remain, the bottom line is that the Swiss Franc has been one of the strongest performing currencies within the G10 recently. Market traders have been placing bets that the Euro will weaken against the Swiss Franc recently, after the issues surrounding the political leadership in Italy is beginning to spill over into the Euros value. Up until this weekend it had appeared that a populist coalition would take control in Italy with intentions of cutting back public debt and increasing public spending. There is also an anti-EU sentiment within the parties forming the
Next month on the 10th of June there will be a key vote in Switzerland. It’s being labelled as ‘Vollgeld’ and it pertains to whether the Swiss want to reform their monetary system in an unprecedented way. There hasn’t been much talk of this Referendum in the economic world outside of Switzerland because a ‘Yes’ vote is apparently highly unlikely. I guess there are parallels with the Brexit vote which few expected, so I wouldn’t rule out a major move for CHF exchange rates should there be a shock decision. If there is a Yes vote there will be a lot of uncertainty, and I
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 there bring a lot of political uncertainty out there the Swiss Franc isn’t benefiting which I think is a negative sign moving forward. There are the obvious concerns surrounding the UK’s Brexit and how amending the current business conditions could impact the economy of the UK and the Eurozone negatively. At the same time and also more recently, political uncertainty surrounding the Italian government is beginning to cause a stir and this has caused the Italian stock markets to
Could Bank of England rate hike now be off the cards? The Pound has suffered against the Swiss Franc of late , but Sterling still remains only
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
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
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
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
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
