Tag "chfgbp"

Swiss Franc continues to soften, will next week bring further losses for CHF?

Swiss Franc continues to soften, will next week bring further losses for CHF?

Those of our readers planning on buying Swiss Francs in the short-term future are seeing improving rates on almost a daily basis at the moment. The Swiss National Bank has had a job on its hands as in the eyes of many, the Swiss Franc has been overvalued for some time now. Due to the currency’s status as a safe haven currency investors tend to pool their funds into CHF in times of market uncertainty. Over the years this has presented a problem for the SNB, and its lead to them adopting one of the most loose monetary policies globally. If we take the GBP

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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 half a percent. Much of its strong start is being attributed to comments from the Bank of England’s Deputy Governor, Sir. David Ramsden that were made over the weekend. In a Sunday Times article he mentioned that interest rates may need to rise faster than it was previously assumed, which the 3% inflation level putting pressure on the economy. He was also hawkish regarding the UK economy in the first half of this year, and said that he doesn’t

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Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Sterling tumbled against most major currency pairs today, and especially against safe haven currencies such as the Swiss Franc. The Pound dipped as soon as it was announced that interest rates will remain unchanged and the voting pattern has become less bullish in favour of a rate hike, as inflation levels have eased slightly in recent weeks. The Bank of England also adopted a cautious tone and cut its growth forecast for the UK economy in 2017 from 1.9% down to 1.7%. Mark Carney, a very important figure as he’s the governor of the Bank of England also warned of the risks of Brexit, and

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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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How will Article 50 affect the Franc?

How will Article 50 affect the Franc?

The pound has slipped from the recent highs of 1.24 and has slipped back into the 1.23’s. Most clients expect the rate to slip and personally,

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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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How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph Wright)

How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph Wright)

For those researching potential future price movements between the Pound and the Swiss Franc, I think the effects of the Swiss National Banks current negative interest

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Will Sterling’s recovery versus the Swiss Franc fizzle out? (Joseph Wright)

Will Sterling’s recovery versus the Swiss Franc fizzle out? (Joseph Wright)

The GBP/CHF currency pair is difficult to predict at the moment with a number of factors potentially affecting it. With the Swiss Franc being a safe

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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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UK Interest Rate Decision to take Centre Stage. (Daniel Johnson)

UK Interest Rate Decision to take Centre Stage. (Daniel Johnson)

With little data of consequence out for CHF this week all eyes turn to the UK. Sterling has had a torrid time of late Post Brexit.

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