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 Swiss want to reform their monetary system in an unprecedented way. There hasn’t been much talk of this Referendum in the economic world outside of Switzerland because a ‘Yes’ vote is apparently highly unlikely. I guess there are parallels with the Brexit vote which few expected, so I wouldn’t rule out a major move for CHF exchange rates should there be a shock decision. If there is a Yes vote there will be a lot of uncertainty, and I
Tag "forecast"
The Swiss franc has been one of the poorest performers of all major currencies so far in 2018, losing roughly 5% of value against the Dollar and 3% against Sterling. It does appear though from signs this week that investors and speculators are starting to look at the currency in a more positive light, and we have seen a slight fightback as the week has progressed. Swiss economic data has been ok in recent times and although the general view is that we will not see any movement in interest rates for Switzerland until we see a move from the European Central Bank as they
The Swiss Franc has been a fairly strong character in recent years, not only being a well known safer haven for investors but also due to the abandonment of the Swiss National Bank of their exchange rate cap against the Euro back in 2015. This move alone saw the Swiss Franc make gains of over 25% in an extremely short space of time against a number of major currencies, and although it has come back a little since then the currency has still remained fairly strong. Believe it or not, due to the SNB buying foreign assets to hold off the strength of the Swiss
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
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 is continuing its downward spiral against all major currency pairs, as today’s trading session has seen another sell-off in the Pound,s value. The uncertainty
Currency manipulation is becoming a hot topic now that Donald Trump has been inaugurated as the US President. Followers of his social media accounts will be
Since the UK public decided to vote out of the European Union GBPCHF exchange rates have dropped 22 cents. To put this into monetary value a
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
The big driver on the GBPCHF exchange rate at the moment is the uncertainty over just what will happen next with the EU Referendum, this is
