Tag "CHF weakness"

What can we expect for the GBPCHF exchange rate?

What can we expect for the GBPCHF exchange rate?

The pound has been the main driver on this currency pairing as the uncertainty over the UK election persists. Whilst the Theresa May and DUP (Democratic Unionist Party) union is helping hold the Conservative in a majority there is mounting speculation that actually the pound will suffer further in the future as we get news of a potential further election. Such uncertainty is weighing greatly on the pound which remains at lower levels. the Franc is a safe haven currency and actually strengthens in times of global uncertainty, markets are slightly on edge as speculation mounted this week of the ECB ‘taper’ as the Eurozone

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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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Pound to Swiss Franc rise halted by International Fears……

Pound to Swiss Franc rise halted by International Fears……

The pound to Swissie has risen above 1.24 after languishing in the 1.22’s for much of last week. This move higher has mainly been prompted by the speculation over a UK interest rate hike later this year. Rising Inflation yesterday helped the pound to find strength but whilst the pound rose strongly against some weaker counterparts such as the Kiwi and Canadian dollar, against the Franc the rise was more muted. What next for this important pairing ahead of the Article 50 news next week? The Franc is a safe haven currency which means it benefits in times of global uncertainty. With gold prices rising and

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Will the Pound fall as the Brexit formally begins? (Joseph Wright)

Will the Pound fall as the Brexit formally begins? (Joseph Wright)

At the time of  writing the pound is trading much closer to it’s annual low against the Swiss Franc than it’s annual high, and for reason for this can simply be put down to last years Brexit vote. We are now just weeks from the formal initiation of the Brexit process and interestingly the Pound is trading around it’s year-to-date highs against many currency pairs. Personally I think that markets have now accepted that the UK will be carrying out a ‘Hard Brexit’ after the UK PM, Theresa May made clear the UK government’s plans for the Brexit moving forward. With this in mind references

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Will GBPCHF drop below 1.20 again?

Will GBPCHF drop below 1.20 again?

If you are buying or selling the Swiss Franc the next week is vital to expectations. The pending Supreme court case will shape the next twist

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Which factors are currently influencing GBP/CHF exchange rates? (Joseph Wright)

Which factors are currently influencing GBP/CHF exchange rates? (Joseph Wright)

The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald

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GBPCHF rates slide to 5 year low!

GBPCHF rates slide to 5 year low!

Pound to Swiss Franc exchange rates have continued their demise as sterling comes under further pressure and the Swissie remains as buoyant as ever. The coming

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GBP/CHF falls as Bank of England cuts interest rate (Joseph Wright)

GBP/CHF falls as Bank of England cuts interest rate (Joseph Wright)

After recovering somewhat over the past few weeks Sterling has once again dropped off, as today’s Interest Rate decision by the Bank of England went as

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GBPCHF exchange rates have slipped on sterling weakness

GBPCHF exchange rates have slipped on sterling weakness

The pound has weakened further this week as investors fears over the likelihood of any interest rate in the UK take shape. There is a very

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GBP/CHF Where is Sterling Headed? (Daniel Johnson)

GBP/CHF Where is Sterling Headed? (Daniel Johnson)

The pound has dropped substantially  against the majority of major currencies. Sterling sits at record lows against most. . The media have mentioned the gains on

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