Tag "chfgbp"

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, all of the uncertainty over the Brexit should lead to a stronger Franc since the Franc as a safe haven currency typically strengthens in a time of political and economic uncertainty. If you have a transfer to make then making some plans in advance is the best way forward to make sure you don’t get caught out by everything! GBPCHF could easily test the 1.20 level again in the coming hours as Article 50 is triggered. In my view

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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 and turns of Brexit which in turn will of course affect the pound and also risk sentiments. I expect GBPCHF could easily slip below 1.20 if the Court Case is rejected, this is really what CHF sellers should be aiming for. If you are a buyer all hope is not lost, the market concensus seems to be GBP strength after the government loses its appeal. GBPCHF exchange rates have slipped in the last week owing to Theresa May’s comments

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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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GBP/CHF moves upward once again as improved risk appetites weigh on the Swiss Franc (Joseph Wright)

GBP/CHF moves upward once again as improved risk appetites weigh on the Swiss Franc (Joseph Wright)

As risk appetite returns to currency markets and global equity indexes, the GBP/CHF will continue to act as a good benchmark for sentiment within global markets.

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SNB Policy Meeting and ‘Brexit’ fears to take centre stage this week (Joseph Wright)

SNB Policy Meeting and ‘Brexit’ fears to take centre stage this week (Joseph Wright)

With the UK’s EU Referendum now just over a week away I think it’s fair to say the Swiss Franc is behaving in a way many

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