Tag "GBP CHF"

Swiss Franc before Foundation Day in North Korea

Swiss Franc before Foundation Day in North Korea

The Swiss Franc is in a very strong position at the moment as global uncertainties continue to help drive the Franc higher. The heightened tensions between the US and North Korea are an obvious reason why there has been a flight to the safety of the Swiss Franc. The Franc could also see additional gains this weekend if there are any developments on the Korean peninsula. This Saturday is Foundation Day which is one of the most important days in the North Korean calendar. There is every chance that Kin Jong Un may look to demonstrate his nuclear capabilities especially after last week’s nuclear test.

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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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GBP CHF Falls on Weaker UK Growth Outlook

GBP CHF Falls on Weaker UK Growth Outlook

The pound has fallen against the Swiss Franc today with rates sitting at 1.2650 for the GBP CHF pair. The mood in the UK has turned slightly downbeat largely as a result of concerns over the British economy. After the Bank of England held interest rates last Thursday and reduced the economic growth outlook the pound has remained on the back foot against all of the major currencies including the Swiss Franc. The uncertainty over Brexit, the political changes we have seen since the UK election and the prospect of a slowdown in consumer spending are all starting to become of concern for the British

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GBP CHF Ahead of Bank of England Meeting (James Lovick)

GBP CHF Ahead of Bank of England Meeting (James Lovick)

The pound has seen a small rally against the Swiss Franc with rates trading at just below 1.28 for the GBP CHF pair creating some better opportunities for anyone needing to buy Swiss Francs. The Swiss Franc does remain strong however with all the political uncertainty globally but with particular reference to the US and UK. The Bank of England meet on Thursday to discuss a potential interest rate rise. At the last meeting there was a 5-3 split in favour of keeping rates on hold and this highlighted a much greater desire for action to be taken by the Monetary Policy Committee. There was

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CHF bolstered by heightened political tensions (Joshua Privett)

CHF bolstered by heightened political tensions (Joshua Privett)

The G20 Summit this week is causing a hos of speculation on the currency markets as to what kind of deals will be stuck, which country’s

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CHF rates remain stable as we await end of week flows (Joshua Privett)

CHF rates remain stable as we await end of week flows (Joshua Privett)

Pound to Swiss Franc rates of exchange has been in limbo recently since the election, with traders still on the starting line waiting for further news

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Pound to Swiss Franc exchange rates recover after difficult beginning to the week (Joshua Privett)

Pound to Swiss Franc exchange rates recover after difficult beginning to the week (Joshua Privett)

The slides on Pound to Swiss Franc exchange rates which have been ongoing since last Thursday, but today it seems the slide has halted. GBP/CHF rates

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Will Sterlings gains against the Swiss Franc be limited due to geopolitical issues boosting CHF? (Joseph Wright)

Will Sterlings gains against the Swiss Franc be limited due to geopolitical issues boosting CHF? (Joseph Wright)

The Pound has been on a strong run against the Swiss Franc in recent weeks, and over the past month alone Sterling is up by 2.66%

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Swiss Franc Uncertainty on Syria Developments (James Lovick)

Swiss Franc Uncertainty on Syria Developments (James Lovick)

The Swiss Franc could be in for a particularly volatile with the recent developments in Syria and now North Korea. Both the Swiss Franc and US

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GBP CHF ahead of Swiss Inflation Numbers (James Lovick)

GBP CHF ahead of Swiss Inflation Numbers (James Lovick)

The Swiss Franc may come under pressure tomorrow after Consumer Price Index inflation numbers are released. Inflation is expected to fall from 0.6% to 0.5% for

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