Tag "currency transfer"

GBP CHF Slides after Mark Carney Comments

GBP CHF Slides after Mark Carney Comments

The Swiss Franc has weakened considerably against the pound over the last week with rates for this pair breaking through 1.38 yesterday. There has been a sustained rally in the price of sterling on a perceived better outlook on Brexit over these last few weeks. The second round of negotiations have been completed which allows for a transitional period and for trade to continue in much the same way as it has been. The negotiations have re-opened this week and this third round will cover the future trade relationship after that transitional period. This is believed to be the most complex aspect in the negotiations

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Swiss Franc losing its safe haven status?

Swiss Franc losing its safe haven status?

In recent weeks you would have through that the Swiss Franc would have benefited from trade wars and the recent military action from the West on Syria. However in fact the Swiss Franc has lost value which leads me to believe that the Swiss Franc has lost some of its ‘Safe Haven’ status. It has been the US dollar, euro and Yen that have strengthened off the back of global events. The Swiss National Bank presently run an extremely dovish monetary policy system with interest rates at -0.75 all in a bid to weaken the Franc and the weakness will certainly come as a relief.

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CHF Forecast – Global markets Impacting CHF’s Value (Matthew Vassallo)

CHF Forecast – Global markets Impacting CHF’s Value (Matthew Vassallo)

GBP/CHF rates have improved over the past week, with the pair trading close to 1.38. The Pound has seen its value increase across the board, with its recent upturn linked to progress with Brexit talks and a strong run of economic data. The fact that Brexit has not been front page news over the past week has also helped support Sterling’s rise, with no negative reports sapping investor confidence. This lack of media coverage is unlikely to last in my opinion and a such those clients holding Sterling’s positions may wish to take advantage of the current upturn and remove the risk of a realignment

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Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to climb?

Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to climb?

The Pound to Swiss Franc rate has been boosted recently, mostly owing to CHF weakness but the positive sentiments surrounding the UK at the moment have also helped. Over the past week GBPCHF is up by almost 1.5% and over the past month it’s up by almost 4%. Around the middle of last month Sterling was boosted across the board of major currencies after news broke that the Brexit transitional deal has been agreed between the UK and EU negotiators. Hopes of an interest rate hike next month are also increasing the Pounds value which is one of the reasons for the boost to GBP/CHF.

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Mark Carney to influence GBPCHF exchange rates

Mark Carney to influence GBPCHF exchange rates

Towards the close of play tomorrow Governor of the Bank of England Mark Carney will address the public and talk about the UK economy. Recently the

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Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

The Pound has started the week off on a very positive note vs the Swiss Franc breaking past 1.34 which is close to the highest rate

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CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data (Matthew Vassallo)

CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data (Matthew Vassallo)

The CHF has struggled to make much of an impact against Sterling this week, with a strong run of economic data helping to support Sterling’s value.

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Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

The Swiss Franc has continued to remain above 1.30 on the Interbank level during the course of this week even though the Pound is currently under

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Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

The Pound has continued to remain above 1.30 on the Interbank level at the time of writing even though Sterling has started to drop off from

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CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

It’s been a volatile day for GBP/CHF exchange rates, with over a two cent from high to low. Sterling found plenty of support following the Bank

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