Tag "currency transfer"

CHF Forecast – Swiss Economy Continues to Impress (Matthew Vassallo)

CHF Forecast – Swiss Economy Continues to Impress (Matthew Vassallo)

The Swiss economy has grown at a faster pace than expected during the first two quarters of 2018, although analysts have indicated that the CHF is still over-valued. This they believe, is restricting an increase in their exports, due to the increased price of goods & services. GBP/CHF rates have dipped over recent weeks, with the pair now trading around 1.32. Fears over the current state of the UK economy have continued to manifest themselves over recent days, in line with the greatest signs of stress shown since the Eurozone economy and double-dip recession six years ago. The Pound in turn has struggling to make

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CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

The Swiss economy strengthened during the first quarter of 2018, with Gross Domestic Product (GDP) growing by 2.2%. This is the first time their economic output had surpassed 2% since 2016, with a surge in investment and solid trade relationships helping to propel the Swiss economy forward. The CHF has styed solid throughout and continues to remain a safe haven for investors, despite the Swiss National bank (SNB) trying to keep the CHF’s value in check. GBP/CHF rates continue to float above 1.32 level, with the CHF gaining plenty of support over the past month. The pair have fallen by almost 4 cents from the

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A tough 3rd quarter for Swiss exchange rates

A tough 3rd quarter for Swiss exchange rates

In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists predicting that Swiss jobs would come under the pressure, the Switzerland government allowed employers to extend working hours and pay to be cut, whilst at the same time being offered benefits by the Government which would help the employees that were effected. The theory behind the move from the Swiss Government was that a slight drop in pay or having to work an extra hour or two was far better than people losing their jobs and as the Swiss

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Fears surrounding Italian politics strengthens the Swiss Franc

Fears surrounding Italian politics strengthens the Swiss Franc

Although some economists aren’t predicting the recent bout of CHF strength to remain, the bottom line is that the Swiss Franc has been one of the strongest performing currencies within the G10 recently. Market traders have been placing bets that the Euro will weaken against the Swiss Franc recently, after the issues surrounding the political leadership in Italy is beginning to spill over into the Euros value. Up until this weekend it had appeared that a populist coalition would take control in Italy with intentions of cutting back public debt and increasing public spending. There is also an anti-EU sentiment within the parties forming the

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Swiss Franc at 2 month high vs the Pound

Swiss Franc at 2 month high vs the Pound

The Pound has fallen to its lowest level to buy Swiss Francs in two months as the Pound continues to struggle after the Bank of England’s

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Will next months vote create volatility for the Swiss Franc?

Will next months vote create volatility for the Swiss Franc?

Next month on the 10th of June there will be a key vote in Switzerland. It’s being labelled as ‘Vollgeld’ and it pertains to whether the

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Swiss Franc to have a positive end to the week vs the Pound

Swiss Franc to have a positive end to the week vs the Pound

The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and

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Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

A quick glance at a chart showing the Swiss Franc’s performance this year makes for simple reading, as the trend is generally downward against all major

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CHF Forecast – SNB Concerned That the CHF Remains Overvalued (Matthew Vassallo)

CHF Forecast – SNB Concerned That the CHF Remains Overvalued (Matthew Vassallo)

The Swiss economy stabilised during April, curbing any further downturn after March’s dip. The CHF itself has remained fairly stable throughout and continues to trade around

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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

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