Tag "buying chf"

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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A tough 3rd quarter for Swiss exchange rates

A tough 3rd quarter for Swiss exchange rates

In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists predicting that Swiss jobs would come under the pressure, the Switzerland government allowed employers to extend working hours and pay to be cut, whilst at the same time being offered benefits by the Government which would help the employees that were effected. The theory behind the move from the Swiss Government was that a slight drop in pay or having to work an extra hour or two was far better than people losing their jobs and as the Swiss

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Fears surrounding Italian politics strengthens the Swiss Franc

Fears surrounding Italian politics strengthens the Swiss Franc

Although some economists aren’t predicting the recent bout of CHF strength to remain, the bottom line is that the Swiss Franc has been one of the strongest performing currencies within the G10 recently. Market traders have been placing bets that the Euro will weaken against the Swiss Franc recently, after the issues surrounding the political leadership in Italy is beginning to spill over into the Euros value. Up until this weekend it had appeared that a populist coalition would take control in Italy with intentions of cutting back public debt and increasing public spending. There is also an anti-EU sentiment within the parties forming the

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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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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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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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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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Pound to Swiss Franc rate trading around post-Brexit vote highs, will the trend continue? (Joseph Wright)

Pound to Swiss Franc rate trading around post-Brexit vote highs, will the trend continue? (Joseph Wright)

The rate for exchanging Pounds into Swiss Francs is now trading well into the 1.32’s, which are the highest levels seen since the Pound fell dramatically

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Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

The best time to have converted Swiss Francs into Sterling over the past decade would have been around October of last year, when the fears surrounding

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Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Sterling tumbled against most major currency pairs today, and especially against safe haven currencies such as the Swiss Franc. The Pound dipped as soon as it

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