Tag "best UK exchange rates"

GBPCHF to fall throughout June

GBPCHF to fall throughout June

Its a key month for Brexit negotiations as EU leaders are set to meet at the EU summit at the end of the month. At the time of writing this article MP’s within the House of Commons are voting on the amendments set out by the House of Lords and so far, MP’s are voting in favour of disregarding the lords amendments. So far the pound has strengthened since voting begun as it appears investors believe Theresa May negotiating power remains intact. However, the EU summit I believe will cause major problems for sterling exchange rates. The Irish border and customs union problem is far

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GBPCHF rates slide on UK news and global risk events!

GBPCHF rates slide on UK news and global risk events!

The pound to Swiss Franc exchange rates has slipped to some of the lower levels in two months as concerns over the Italian political situation fuels a shift into safer haven assets like the Swiss Franc. We have also had a reduction in the interest rate forecast for the UK which is removing pressure on the Bank of England to raise interest rates and seeing the pound slightly softer. The longer-term direction for the pound to CHF rate could be towards a higher level as confidence grows over the UK’s future relations with the EU and risk appetite returns for investors, triggering a reduction in

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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 was 0.7225 and currently sits at 0.7390. To put this into monetary terms a 200,000 Swiss Franc transfer into sterling generates clients an additional £3,300 and I expect this trend could continue in the weeks to come. For Swiss Franc sellers, I wouldn’t get to excited as I don’t believe we are experiencing Swiss Franc strength, in fact the improvement in exchange rates comes from the demise of sterling. Last month UK economic data disappointing which sent shock waves

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CHF makes gains against Sterling (Daniel Johnson)

CHF makes gains against Sterling (Daniel Johnson)

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 two cents below the highest levels in 18 months. I think this can be put more down to Sterling weakness than Swiss Franc strength. A rate hike from the Bank of England (BOE) in May was largely factored into the exchange. Unfortunately following a host of poor data releases, including the worst GDP figures in five years it seems as the a rate hike could now be off the cards. Swiss retail figures were released yesterday and showed continuing

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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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Swiss Franc losing its safe haven status?

Swiss Franc losing its safe haven status?

In recent weeks you would have through that the Swiss Franc would have benefited from trade wars and the recent military action from the West on

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Best rates to buy Swiss Francs since 2016!

Best rates to buy Swiss Francs since 2016!

We currently have the very best rates to buy Swiss Francs since the Referendum as confidence over the future outlook on Brexit continues to drive sterling.

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Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to climb?

Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to climb?

The Pound to Swiss Franc rate has been boosted recently, mostly owing to CHF weakness but the positive sentiments surrounding the UK at the moment have

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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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