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
Tag "best Sterling exchange rates"
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
Pound to Swiss Franc rates of exchange has been in limbo recently since the election, with traders still on the starting line waiting for further news on the UK election. CHF rates regularly see additional movement during uncertain political periods. Effectively the Pound has suffered given that this election has been dragging on now since the 9th. The second sting for CHF buyers for anyone holding Sterling is that Swiss Franc rates also gain expense during anxious periods as a safe haven currency. The only saving grace for CHF buyers is that they do not lose out as heavily as US Dollar buyers, as the
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 could be on the cards in the conservative party. May has been given 10 days to get her house in order, any change in Brexit stance and we could see a challenge to her leadership. Theresa Mays’s move to call a snap election seemed to be a shrewd one. She then however attacked her core voters by stating that those of a certain age with assets of over £100k would have to pay for their own care home or
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.
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
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,
Corbyn gains on the Tories Theresa May calling a snap general selection seemed to be a wise move while the opposition was so weak. With a
The pound to Swiss Franc rate could hit 1.30 very soon as the market gets closer to this important level of resistance that could easily break
The Swiss Franc is in low demand today after the financial markets breathed a sigh of relief. Irrespective or our readers personal beliefs the markets were
