Tag "currency transfer"

Sterling Finds Support Against the CHF (Matthew Vassallo)

Sterling Finds Support Against the CHF (Matthew Vassallo)

GBP/CHF are trading around 1.25 on the exchange, with the Pound finding some support during yesterday’s. Sterling received a received a boost, following a report that Switzerland’s economy grew at its slowest annual rate in nearly eight years. A slowdown in public spending and an increase in their trade deficit, put pressure on their export reliant economy and caused investor confidence in the CHF to wane. This in turn inadvertently boosted Sterling’s value, despite some poor data for the UK in form of the latest Services PMI figures. These came in at the lowest level in 11 years and would usually have added further pressure

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Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

The best time to have converted Swiss Francs into Sterling over the past decade would have been around October of last year, when the fears surrounding the Brexit really begun. At the time the rate hit the 1.20’s which in the reverse equates to almost 0.83 pence per Swiss Franc, and at the time of writing we’re getting closer to these levels as the current rate is just over 0.80 cents. Due to the issues between North Korea and Japan/USA there appears to be more of a demand for safe haven currencies such as CHF, as well as commodities such as Gold. The Pound has

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Where next for the Swiss Franc? (Tom Holian)

Where next for the Swiss Franc? (Tom Holian)

Sterling vs the Swiss Franc has once again fallen during today’s trading session as the Pound has had another appalling day against all major currencies. The Pound has fallen the most against the Swiss Franc as the Brexit woes continue to weigh heavily on the Pound. The uncertainty caused by what is happening in North Korea has also helped to strengthen the Swiss Franc as often when we see geopolitical uncertainty this helped to strengthen the Swiss Franc vs the Pound. Tomorrow morning the Eurozone announces the latest set of Services PMI as well as Retail Sales. Clearly Switzerland is not part of the Eurozone

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GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

The Pound has found a foothold against the CHF over the past week, with the pair settling around 1.24. This followed some heavy losses earlier this month, after Sterling hit a high of 1.2831. The UK economy remains under pressure, with the markets becoming increasingly sceptical regarding the on-going Brexit negotiations. With reports of a disjointed government and various opinions on how the UK should proceed, it is unlikely in my opinion, that the Pound will make any sustainable inroads against the major currencies over the coming weeks. Whilst market conditions can change quickly, I don’t foresee a major upturn in the short-term, with investor

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Sterling Finds Support Against the CHF – Will This Trend Continue? (Matthew Vassallo)

Sterling Finds Support Against the CHF – Will This Trend Continue? (Matthew Vassallo)

The Pound is likely to remain under pressure against the CHF this week, despite a small upturn over recent days. GBP/CHF hit a high of 1.2850

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Will the Pound continue to fall versus the Swiss Franc? (Joseph Wright)

Will the Pound continue to fall versus the Swiss Franc? (Joseph Wright)

Since August begun the appetite for risk has lessened within global financial markets, and this has unsurprisingly resulted in CHF strength. When compared with the Pound

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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

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Will GBPCHF rise above 1.25?

Will GBPCHF rise above 1.25?

The pound to Swiss Franc exchange rate is currently back at 1.25 representing some of the very best times since May to buy Swiss Francs with

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Will the Pound fall following Wednesday’s GDP data? (Tom Holian)

Will the Pound fall following Wednesday’s GDP data? (Tom Holian)

The currency markets appear to have started to lose faith in Sterling recently as the Pound continues to struggle against the Swiss Franc. Politically the UK

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Pound falls against the Swiss Franc after MPC member comments (Tom Holian)

Pound falls against the Swiss Franc after MPC member comments (Tom Holian)

The Pound has fallen vs the Swiss Franc after two of the members of the Monetary Policy Committee spoke yesterday. Ben Broadbent has stated that he’s

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