Tag "brexit"

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. The Pound received support earlier this week, following reports that a deal has been agreed between UK & EU to facilitate a transitional period following the Brexit deadline next year. This will help in theory, to ensure a smooth transition for the UK as we separate ourselves from our European neighbours. GBP/CHF rates hit a high of 1.3462 before retracting slightly by the close of European trading. Sterling’s positive start to the week was cemented following strong UK employment

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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 GBPCHF sits at 1.2985. To put this into monetary value for clients purchasing 200,000 Swiss francs today compared to the highs experience last month they are now paying an additional £5,700. The pound has lost value in recent weeks due to the change in sentiment surrounding Brexit. Head EU negotiator Michel Barnier announced that the transitional talks are not going to plan, and if this continues there wont be a transition and the UK will leave the EU with

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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 morning brings with it the latest UK inflation data for both month on month and year on year. Inflation has been a hot topic for the UK and as inflation has been much higher than the government’s target for a long time then the Bank of England had no choice but to increase interest rates towards the end of last year to bring interest rates back up to where they were pre-Brexit. With inflation continuing to remain high I

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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 of England’s interest rate decision and monetary policy statement this morning. As expected the central bank kept rates on hold at 0.5% and whilst there was no change in the current stimulus programme, it was governor Mark Carney’s speech that caused the markets to react. Carney was far more bullish than many anticipated and said that the central bank would look to raise interest rates to counter rising inflation levels, if they continue to rise. He also mentioned that

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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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Will GBPCHF rise above 1.30?

Will GBPCHF rise above 1.30?

The pound to Franc rate has risen above 1.30 lately as expectations on the pound to rise increase and risk appetite slides. With the potentially extremely

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Pound hits best level to buy Swiss Francs since May (Tom Holian)

Pound hits best level to buy Swiss Francs since May (Tom Holian)

The Pound has hit its best rate to buy Swiss Francs since May after the Bank of England mentioned that they may be gearing up for an

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Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Yesterday Ian McCafferty one of the current eight voting members of the Monetary Policy Committee from the Bank of England, gave another hawkish press conference in

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Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

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.

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