Tag "Buying Swiss Francs"

Will the Pound continue to make gains vs the Swiss Franc?

Will the Pound continue to make gains vs the Swiss Franc?

The Swiss Franc has been weakening recently as global investors appear to be moving away from the safe haven of the Swiss banking system. The US Federal Reserve have continued to increase interest rates during last year and have already hiked rates during 2018 with further rate hikes expected later on this year. With the Swiss interest rate so low this has encouraged investors to sell the Swiss Franc in favour of the US Dollar hence the weakening over the last few weeks particularly vs the Pound. The Swiss Franc has also hit 1.20 vs the Euro which is the same price when the Swiss

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Swiss Franc losing its safe haven status?

Swiss Franc losing its safe haven status?

In recent weeks you would have through that the Swiss Franc would have benefited from trade wars and the recent military action from the West on Syria. However in fact the Swiss Franc has lost value which leads me to believe that the Swiss Franc has lost some of its ‘Safe Haven’ status. It has been the US dollar, euro and Yen that have strengthened off the back of global events. The Swiss National Bank presently run an extremely dovish monetary policy system with interest rates at -0.75 all in a bid to weaken the Franc and the weakness will certainly come as a relief.

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Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

The Pound has started the week off on a very positive note vs the Swiss Franc breaking past 1.34 which is close to the highest rate to buy Swiss Francs since the EU referendum vote back in June 2016. The Swiss Franc is often used as a safe haven currency but with the US having raised interest rates last week it appears as though global investors are moving away from the Swiss Franc and into alternative currencies. The Pound has also had a very good run in part triggered by the good news surrounding the transitional deal which the UK managed to secure during last

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GBP CHF Rallies on Good Brexit Outlook

GBP CHF Rallies on Good Brexit Outlook

Rates for GBP CHF have seen an excellent jump higher following the agreement reached on Monday between Britain and the EU on a transitional agreement as part of the ongoing Brexit negotiations. There is currently a good opportunity for buying Swiss Francs with pounds and clients should consider securing at these higher levels whilst they are still available. For the moment the pound remains supported on the back of the positive news. The mains reason the pound has surged is largely due to the fact that there is some confidence for business at the moment. There have been a number of political figures who have

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Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

The Pound has begun the week in strong fashion after gaining against the majority of major currency pairs pairs today and gaining on CHF by around

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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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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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Pound falls vs Swiss Franc following UK Construction Data (Tom Holian)

Pound falls vs Swiss Franc following UK Construction Data (Tom Holian)

The Pound has slipped vs the Swiss Franc this morning following the release of British construction data published earlier on this morning. The data was lower

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GBPCHF close to an 18 month high

GBPCHF close to an 18 month high

Its not been a great day for the pound vs the Swiss Franc and exchange rates have dropped 0.85% however exchange rates are still close to

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GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?

GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?

The pound has risen against the Swiss Franc as we get closer to understanding just what Brexit means for the UK and global concerns ease, weakening the

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