Tag "CHF"

Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Yesterday Ian McCafferty one of the current eight voting members of the Monetary Policy Committee from the Bank of England, gave another hawkish press conference in relation to interest rates. The MPC member explained that the economy has not slowed as much as they first thought it would therefore he believe rates should be hiked to 0.5%. The Bank of England have set a target of 2% for many years and currently inflation levels are 2.9%. The reason why inflation has increased by a substantial amount over the last 12 months is because the pound has been sold off by investors due to the risk

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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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Pound to Swiss Franc exchange rates provide strong beginning to the week (Joshua Privett)

Pound to Swiss Franc exchange rates provide strong beginning to the week (Joshua Privett)

Pound to Swiss Franc exchange rates have enjoyed a strong boost to begin the week, after what had been a disheartening end to the week for many Franc buyers. The Pound has regularly suffered on Friday’s since the Referendum, with Sterling exchange rates falling downwards as we edge closer to the weekend. The reason for these fairly regular movements is due to trading activity, which take an abnormal turn on Friday afternoons. Speculators effectively have to choose a stable currency in which to store their weekly profits in for when they are away from their desks for the weekend. Whilst currency markets do close for

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Will 1.20 be tested again on GBP/CHF? (Joseph Wright)

Will 1.20 be tested again on GBP/CHF? (Joseph Wright)

Sterling has fallen as low as 1.1565 against the Swiss Franc within the last 52 weeks according to come sources, with the ‘flash crash’ being the reason it fell so low due to automated trading systems applying unnecessary pressure on an already weakening Pound just a couple of weeks ago. With the flash crash aside the downward pressure on the Pound due to ‘Brexit’ and it’s ongoing fallout, 1.20 seems like a more reasonable lower benchmark and personally I feel as though the Pound will find support at this level as we’re currently witnessing. After some touch talk by a number of European leaders such

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The impact of the US Presidential election on the Swiss Franc (Dayle Littlejohn)

The impact of the US Presidential election on the Swiss Franc (Dayle Littlejohn)

Last night was the first televised debate between Hilary Clinton and Donald Trump. The general reaction is that Hilary got the upper hand and came out

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Sterling falls against the Swiss Franc as safe haven buyers pile into the Swiss Franc (Tom Holian)

Sterling falls against the Swiss Franc as safe haven buyers pile into the Swiss Franc (Tom Holian)

The Pound has continued to struggle against the Swiss Franc following on from last night’s US Federal Reserve’s interest rate decision to keep interest rates on

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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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Have we seen the true damage caused by Brexit vote? – Pound Forecast (Daniel Charles Johnson

Have we seen the true damage caused by Brexit vote? – Pound Forecast (Daniel Charles Johnson

GBP Forecast The pound is falling in value against the majority of major currencies. After the EU referendum vote we have seen consistent poor UK data.

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Sterling is struggling to recover its losses after the BoE’s latest stimulus package (Joseph Wright)

Sterling is struggling to recover its losses after the BoE’s latest stimulus package (Joseph Wright)

Since last Thursday’s steep drop of almost 2 cents for Sterling versus the Swiss Franc the Pound has struggled to regain any of the ground it

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Sterling continues to slowly climb upward against the Swiss Franc (Joseph Wright)

Sterling continues to slowly climb upward against the Swiss Franc (Joseph Wright)

Since the initial shock of the ‘Brexit’ when the Pound fell as low as 1.2483 we have witnessed and slow and steady climb in the Pounds

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