Tag "Buy Swiss Francs"

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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Swiss Franc Supported on Better Inflation

Swiss Franc Supported on Better Inflation

Rates for GBP CHF has slipped in recent week with levels hovering around the 1.32 mark for the pair. The Swiss Franc has been marginally boosted following the latest Consumer Price Index inflation numbers released this morning. Swiss inflation climbed higher to 1% for the year which was above the expected forecast of just 0.9% and the numbers were up to 0.4% for the month of May. The markets will be keeping a close eye on what happens in Iran in these coming weeks after US president Donald Trump pulled out of the Iran nuclear deal. Any escalation in geopolitical tensions or a sharp rise

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Swiss Franc at 2 month high vs the Pound

Swiss Franc at 2 month high vs the Pound

The Pound has fallen to its lowest level to buy Swiss Francs in two months as the Pound continues to struggle after the Bank of England’s decision to keep interest rates on hold for the foreseeable future. About a month ago the Swiss Franc started coming under pressure against a number of different currencies after the Swiss National Bank got rid of the cap that it had previously put in place to stop the CHF from being too strong. Many expected that the Swiss Franc may have weakened against a number of currencies but in the end it actually strengthened against the Euro by over

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Will next months vote create volatility for the Swiss Franc?

Will next months vote create volatility for the Swiss Franc?

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

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Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

A quick glance at a chart showing the Swiss Franc’s performance this year makes for simple reading, as the trend is generally downward against all major

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Swiss Franc Weakens on Higher Confidence in Global Economy

Swiss Franc Weakens on Higher Confidence in Global Economy

The Swiss Franc has come under pressure in recent weeks which would suggest that optimism for the growth prospects of the global economy are improving. The

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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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GBP CHF Breaks 1.35

GBP CHF Breaks 1.35

The Swiss Franc has come under another wave of pressure with a devaluation through this week. Rates for GBP CHF have now climbed to 1.35 this

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GBP CHF Supported on Transitional Brexit Deal

GBP CHF Supported on Transitional Brexit Deal

The pound has proven extremely resilient against the Swiss Franc with rates for the GBP CHF pair now sitting at 1.3450. GBP CHF has been given

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GBP CHF Rates Under Pressure Before Theresa May Speech on Saturday

GBP CHF Rates Under Pressure Before Theresa May Speech on Saturday

The Swiss Franc has found continued support this week after the markets continue to monitor developments from the financial market volatility seen at the beginning of

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