Tag "Buying Swiss Francs"

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

The Pound has gained roughly around 1% against the Swiss Franc this week, making the prospect of buying Swiss Francs with Pounds a more attractive prospect. The Pound to Swiss Franc rate has quite some distance to climb before reaching its May highs of 1.30+, but the currency was helped this week after the Bank of England surprised financial markets on Thursday during the Monetary Policy Committee’s interest rate decision. Almost half of the voting members of the BoE’s Monetary Policy Committee voted in favour of raising interest rates. This was the first time they’ve been this bullish since 2007, ten years ago. The most likely

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Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

The Swiss Franc is in low demand today after the financial markets breathed a sigh of relief. Irrespective or our readers personal beliefs the markets were generally hoping for a more EU-friendly French Presidential candidate to come out on top of the first round of voting that took place this weekend. The far-right Eurosceptic candidate, Marine Le Pen will go through to the 2nd round but the likelihood of her winning now just sits at around 10%. Its the high possibility of Macron now going on to win that has bolstered the Euros value, and this same outlook has also created a sense of risk

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Will Sterlings gains against the Swiss Franc be limited due to geopolitical issues boosting CHF? (Joseph Wright)

Will Sterlings gains against the Swiss Franc be limited due to geopolitical issues boosting CHF? (Joseph Wright)

The Pound has been on a strong run against the Swiss Franc in recent weeks, and over the past month alone Sterling is up by 2.66% against the Swiss Franc. Personally I think the Pound could have strengthened even further against CHF had issues around the world not limited demand for riskier assets. Due to the Swiss Franc benefiting in times of political uncertainty the Swiss Franc has been in demand recently along with the Japanese Yen. The tension between the US and Russia over the Syria crises has caused Russian President, Vladimir Putin to state that relations between the two countries are now worse

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GBPCHF remains at the better rates of 2017

GBPCHF remains at the better rates of 2017

The pound to Swiss Franc rate remains at some of the better levels of 2017 as the market shrugs off the UK triggering Article 50 and embraces what lies ahead. The Swiss Franc could now be at more risk from geopolitical concerns emanating from the US’s action directed to Syria. The Swiss Franc is a safe haven currency which means it strengthens in times of economic uncertainty. The coming weeks could see further military action which might raise global concerns over a future war, this would weigh heavily on the Franc if there were further actions. The Franc is stronger in times of political uncertainty

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Is the Swiss Franc still a safe haven?

Is the Swiss Franc still a safe haven?

The Swiss Franc has always been framed as a safe haven currency, one that in terms of economic or political uncertainty is an investors ‘go-to’ to

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Has GBP/CHF seen its lowest levels now that Brexit is underway? (Joseph Wright)

Has GBP/CHF seen its lowest levels now that Brexit is underway? (Joseph Wright)

The Pound to Swiss Franc exchange rate has opened up flat this morning, trading at around the 1.2385 mark at the mid-market level. With the triggering

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Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

The cost of hedging against major currency fluctuations between the Swiss Franc and the Euro hit it’s highest level in 2 months yesterday, as fears over

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Pound slips on poor manufacturing data, will it drop further once the Brexit begins? (Joseph Wright)

Pound slips on poor manufacturing data, will it drop further once the Brexit begins? (Joseph Wright)

Yesterday the Pound feel across the board as economic data released early in the morning disappointed. Figures released by Markit showed that Manufacturing in the UK

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GBPCHF rates fall below 1.25

GBPCHF rates fall below 1.25

The pound to Swiss Franc rate has now slipped below 1.25, a trend I did say I expected to take shape this month. Whilst some commentators

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Would tighter currency control regulations substantially boost the Swiss Francs value? (Joseph Wright)

Would tighter currency control regulations substantially boost the Swiss Francs value? (Joseph Wright)

Currency manipulation is becoming a hot topic now that Donald Trump has been inaugurated as the US President. Followers of his social media accounts will be

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