Tag "Buy Swiss Francs"

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 afternoon presenting those clients looking to buy Swiss Francs with some of the best opportunities to purchase since the Brexit vote for Britain to withdraw from the EU. A member of the Swiss National Bank Andrea Maechler was recently reported saying that “The pressure on the Swiss Franc is still there, the currency has devalued and the over valuation has reduced, but the franc is still a safe haven.” Despite the weaker services data from the UK from yesterday

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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 a considerable boost after the transitional agreement was reached last week between Britain and the EU which has helped support the pound considerably. The transitional deal gives Britain access to the single market for another 18 months which should prevent what has been described as a cliff edge Brexit. There are currently some much better opportunities to buy Swiss Francs although these levels may not last indefinitely. The ongoing issues surrounding Brexit which include the Irish border and financial

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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 last week which saw US stock markets fall sharply. UK and Asian markets also saw sudden losses as the threat of higher inflation has already become of concern for future economic growth. Higher inflation around the world will squeeze incomes and this is likely to result in lower spending. The Swiss Franc has seen a rise in its value due to its safe haven status and normally performs well in times of global uncertainty. GBP CHF is currently sitting

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GBP CHF Falls Below 1.30

GBP CHF Falls Below 1.30

The pound has fallen dramatically against the Swiss Franc with rates for GBP CHF falling to below 1.30 once again. The Swiss Franc has seen a surge in its value after this week’s financial market volatility which started on Monday. The stock market crash in the US which fell by 4.6% on Monday has created volatility for all of the major currencies as wee as global equities. The Swiss Franc which is a safe haven currency generally performs well when events like this happen. The fact that Asian markets fell further this morning would suggest that there is still a great deal of uncertainty and

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EU summit to dictate GBPCHF exchange rates

EU summit to dictate GBPCHF exchange rates

Since the end of August the pound has been making inroads against the Swiss Franc and recovering from the dramatic drop in exchange rates since the

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GBP CHF Breaks 1.33 on Brighter Brexit Outlook

GBP CHF Breaks 1.33 on Brighter Brexit Outlook

The Swiss Franc remains strong as it retains its lure as a safe haven currency. However a member of the Swiss National Bank (SNB) Fritz Zurbruegg

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Swiff Franc Reported to be “Highly Valued” (James Lovick)

Swiff Franc Reported to be “Highly Valued” (James Lovick)

The Swiss Franc could find itself under considerable pressure all of a sudden after the Swiss government has described the Swiss Franc as highly valued. The

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GBP CHF Breaks over 1.31 Before SNB Speech

GBP CHF Breaks over 1.31 Before SNB Speech

The Swiss Franc has seen a notice able weakening against a number of the currencies including sterling. GBP CHF is now trading above 1.31 for this

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Swiss Franc Exchange Rates Could see Gains on North Korea Escalation

Swiss Franc Exchange Rates Could see Gains on North Korea Escalation

The Swiss Franc could see an interesting period ahead considering the further escalation of tensions between the US and North Korea. US bombers flew into North

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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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