Tag "brexit"

CHF Forecast – Swiss Economy Continues to Impress (Matthew Vassallo)

CHF Forecast – Swiss Economy Continues to Impress (Matthew Vassallo)

The Swiss economy has grown at a faster pace than expected during the first two quarters of 2018, although analysts have indicated that the CHF is still over-valued. This they believe, is restricting an increase in their exports, due to the increased price of goods & services. GBP/CHF rates have dipped over recent weeks, with the pair now trading around 1.32. Fears over the current state of the UK economy have continued to manifest themselves over recent days, in line with the greatest signs of stress shown since the Eurozone economy and double-dip recession six years ago. The Pound in turn has struggling to make

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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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CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

The Swiss economy strengthened during the first quarter of 2018, with Gross Domestic Product (GDP) growing by 2.2%. This is the first time their economic output had surpassed 2% since 2016, with a surge in investment and solid trade relationships helping to propel the Swiss economy forward. The CHF has styed solid throughout and continues to remain a safe haven for investors, despite the Swiss National bank (SNB) trying to keep the CHF’s value in check. GBP/CHF rates continue to float above 1.32 level, with the CHF gaining plenty of support over the past month. The pair have fallen by almost 4 cents from the

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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 Forecast – Sterling Benefiting from a Strong Run of Economic Data (Matthew Vassallo)

CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data (Matthew Vassallo)

The CHF has struggled to make much of an impact against Sterling this week, with a strong run of economic data helping to support Sterling’s value.

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GBPCHF forecast

GBPCHF forecast

Over the last 4 weeks GBPCHF exchange rates have been falling. Over the last 4 weeks GBPCHF has been as high as 1.3485, however at present

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GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

The Pound has remained in a fairly tight range against the Swiss Franc as we begin the week with little economic data due out today. Tomorrow

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CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

It’s been a volatile day for GBP/CHF exchange rates, with over a two cent from high to low. Sterling found plenty of support following the Bank

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Bank of England to influence GBPCHF exchange rates

Bank of England to influence GBPCHF exchange rates

Tomorrow the monetary policy committee from the Bank of England will vote to decide the interest rate for the upcoming month. No change is expected from

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Sterling strengthens against CHF (Daniel Johnson)

Sterling strengthens against CHF (Daniel Johnson)

GBP/CHF in Detail Sterling has made consistent gains against the Swiss Franc over the last week and now sits at a yearly high of 1.34. These

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