Tag "Buying Swiss Francs"

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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Swiss Franc continues to strengthen against the Pound

Swiss Franc continues to strengthen against the Pound

The Swiss Franc has continued to strengthen against the Pound in recent weeks and it could be argued that the main trigger for the weakening of the Pound came a few weeks ago when the Bank of England confirmed that they would be keeping interest rates on hold again with a split of 7-2. The UK has shown relatively poor economic data in the form of UK GDP which came in at the slowest growth since 2012 and inflation has started to fall and this has caused global investors to shy away from the Pound during the course of this month so far. Political tensions

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Swiss Franc gains on sterling

Swiss Franc gains on sterling

In recent weeks the Swiss Franc has been making up some of the losses witnessed against sterling over the last 12 months. CHFGBP 2 weeks ago was 0.7225 and currently sits at 0.7390. To put this into monetary terms a 200,000 Swiss Franc transfer into sterling generates clients an additional £3,300 and I expect this trend could continue in the weeks to come. For Swiss Franc sellers, I wouldn’t get to excited as I don’t believe we are experiencing Swiss Franc strength, in fact the improvement in exchange rates comes from the demise of sterling. Last month UK economic data disappointing which sent shock waves

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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

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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

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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

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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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