Tag "franc"

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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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 the Swiss Franc has actually gained 3 cents since the month started, with many traders wondering whether the rate can drop back down to it’s lowest levels so far this year in the early 1.20’s. The Pound isn’t being helped by the fears surrounding the poor start to the Brexit negotiations which are likely to be an influencing factor for some time. Now that hopes of an interest rate hike in the UK have dwindled many investors are hoping

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Euro gains on Swiss Franc as Swiss National Bank have a decision to make on rate cuts (Daniel Wright)

Euro gains on Swiss Franc as Swiss National Bank have a decision to make on rate cuts (Daniel Wright)

We have seen small gains made by the Euro against the Swiss Franc since the result of the first round of the Presidential elections in France, and indeed the Swiss Franc has generally weakened against most major currencies over the course of this week. The SNB (Swiss National Bank) have recently commented that they do have room to cut interest rates should they decide that they need to, which are currently sat at -0.75%. A lot now really depends on the next round of the French elections and should Marine Le Pen start to perform well and the Swiss Franc start to make gains once

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GBPCHF rises to over 1.25!

GBPCHF rises to over 1.25!

The pound is higher against the Swiss Franc as we finally get some clarity over just what Brexit means. The pound was initially expected to fall but contrary to popular expectation it found favour as Theresa May finally delivered some clarity over just what Brexit means. Most analysts are expecting sterling  will come under pressure again, in some respects this is just the beginning of what is going to be a long journey. I think if you are buying Francs in the short term current rates above 1.25 are well worth considering although longer purchasers might be more interested to target a higher price. Most

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Swiss Franc starts to gain as global fears creep into the market (Daniel Wright)

Swiss Franc starts to gain as global fears creep into the market (Daniel Wright)

The Swiss Franc has made gains against most majors this week as concerns over the referendum in the U.K and a lack of a U.S interest

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Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

The Swiss Franc has been a funny character of late, remaining fairly close to the pivotal point of 1.40 against Sterling and holding ground against most

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CHF posts biggest drop versus GBP in 2 weeks (Joseph Wright)

CHF posts biggest drop versus GBP in 2 weeks (Joseph Wright)

As the Pound struggles for direction this week, we have seen it gain heavily against the Swiss Franc during today’s trading session, posting gains in excess

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“Brexit” Halts any Chance of Sterling Strength (Daniel Johnson)

“Brexit” Halts any Chance of Sterling Strength (Daniel Johnson)

The Pound has tumbled against the majority of major currency pairings today, a main factor in the fall is the news that TaTa Steel is selling

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Why Britain’s ‘Brexit’ Could Boost The Swiss Franc (Joseph Wright)

Why Britain’s ‘Brexit’ Could Boost The Swiss Franc (Joseph Wright)

Those holding Swiss Franc’s could benefit off the back of Britain’s political uncertainty this summer, as both market speculators as well as those looking to hedge

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Will The Pound Continue to Lose Ground against the Swiss Franc? (Daniel Johnson)

Will The Pound Continue to Lose Ground against the Swiss Franc?  (Daniel Johnson)

Sterling has lost considerable ground against the Swiss Franc of late. This is predominantly due to the political uncertainty created by the EU Referendum. I think

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