Tag "EU referendum"

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

The Pound has gained roughly around 1% against the Swiss Franc this week, making the prospect of buying Swiss Francs with Pounds a more attractive prospect. The Pound to Swiss Franc rate has quite some distance to climb before reaching its May highs of 1.30+, but the currency was helped this week after the Bank of England surprised financial markets on Thursday during the Monetary Policy Committee’s interest rate decision. Almost half of the voting members of the BoE’s Monetary Policy Committee voted in favour of raising interest rates. This was the first time they’ve been this bullish since 2007, ten years ago. The most likely

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Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

The Swiss Franc is in low demand today after the financial markets breathed a sigh of relief. Irrespective or our readers personal beliefs the markets were generally hoping for a more EU-friendly French Presidential candidate to come out on top of the first round of voting that took place this weekend. The far-right Eurosceptic candidate, Marine Le Pen will go through to the 2nd round but the likelihood of her winning now just sits at around 10%. Its the high possibility of Macron now going on to win that has bolstered the Euros value, and this same outlook has also created a sense of risk

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Has GBP/CHF seen its lowest levels now that Brexit is underway? (Joseph Wright)

Has GBP/CHF seen its lowest levels now that Brexit is underway? (Joseph Wright)

The Pound to Swiss Franc exchange rate has opened up flat this morning, trading at around the 1.2385 mark at the mid-market level. With the triggering of Article 50 yesterday many were under the impression that the Pound would fall further, but it appears that the Brexit and the fears/uncertainty surrounding it appear to have been priced into the Pounds current value. Since the unexpected Brexit vote the Pound has lost 15% against the Swiss Franc with its lowest level being hit in October last year. During this time the Pound fell below 1.20 as fears emerged that the UK would be going through a

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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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Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

The cost of hedging against major currency fluctuations between the Swiss Franc and the Euro hit it’s highest level in 2 months yesterday, as fears over

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Will the Pound fall as the Brexit formally begins? (Joseph Wright)

Will the Pound fall as the Brexit formally begins? (Joseph Wright)

At the time of  writing the pound is trading much closer to it’s annual low against the Swiss Franc than it’s annual high, and for reason

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Will GBPCHF rates remain above 1.25?

Will GBPCHF rates remain above 1.25?

The pound to Swiss Franc exchange rate remains in a volatile position susceptible to risks of deterioration from outside global events. The Franc being a safe

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Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require

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Sterling continues to weaken after PM alludes to ‘Hard Brexit’ preference, will GBP/CHF continue to decline? (Joseph Wright)

Sterling continues to weaken after PM alludes to ‘Hard Brexit’ preference, will GBP/CHF continue to decline? (Joseph Wright)

Pound Sterling is still feeling the effects of UK Prime Minister, Theresa May’s comments regarding the Brexit over the past weekend, with GBP/CHF now trading in

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Factors impacting GBPCHF exchange rates (Dayle Littlejohn)

Factors impacting GBPCHF exchange rates (Dayle Littlejohn)

The Swiss Franc has limited data releases to note for the upcoming weeks therefore I expect news from the Brexit story and UK economic data to

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