Tag "GBPCHF exchange rates"

Swiss Franc losing its safe haven status?

Swiss Franc losing its safe haven status?

In recent weeks you would have through that the Swiss Franc would have benefited from trade wars and the recent military action from the West on Syria. However in fact the Swiss Franc has lost value which leads me to believe that the Swiss Franc has lost some of its ‘Safe Haven’ status. It has been the US dollar, euro and Yen that have strengthened off the back of global events. The Swiss National Bank presently run an extremely dovish monetary policy system with interest rates at -0.75 all in a bid to weaken the Franc and the weakness will certainly come as a relief.

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Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to climb?

Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to climb?

The Pound to Swiss Franc rate has been boosted recently, mostly owing to CHF weakness but the positive sentiments surrounding the UK at the moment have also helped. Over the past week GBPCHF is up by almost 1.5% and over the past month it’s up by almost 4%. Around the middle of last month Sterling was boosted across the board of major currencies after news broke that the Brexit transitional deal has been agreed between the UK and EU negotiators. Hopes of an interest rate hike next month are also increasing the Pounds value which is one of the reasons for the boost to GBP/CHF.

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Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

Sterling hits best rate to buy Swiss Francs since the EU referendum (Tom Holian)

The Pound has started the week off on a very positive note vs the Swiss Franc breaking past 1.34 which is close to the highest rate to buy Swiss Francs since the EU referendum vote back in June 2016. The Swiss Franc is often used as a safe haven currency but with the US having raised interest rates last week it appears as though global investors are moving away from the Swiss Franc and into alternative currencies. The Pound has also had a very good run in part triggered by the good news surrounding the transitional deal which the UK managed to secure during last

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Pound hits 2 month high vs the Swiss Franc (Tom Holian)

Pound hits 2 month high vs the Swiss Franc (Tom Holian)

The Pound has now hit the best rate to buy Swiss Francs with Sterling since January and is now only 2 cents from the highest level seen since the EU referendum held in June 2016. This is very good news for anyone looking to buy Swiss Francs at the moment. Indeed, the Pound has been finding a lot of support vs the Swiss Franc in recent weeks as global investors appear to be bypassing the CHF in favour of higher yielding currencies including the USD, which has seen in turn GBPCHF rates go in an upwards direction. Although not technically in the Eurozone the Swiss

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Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

The Swiss Franc has continued to remain above 1.30 on the Interbank level during the course of this week even though the Pound is currently under

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Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

The Pound has continued to remain above 1.30 on the Interbank level at the time of writing even though Sterling has started to drop off from

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Will Sterling improve against the Swiss Franc in March? (Tom Holian)

Will Sterling improve against the Swiss Franc in March? (Tom Holian)

The Pound has showed signs of improvement recently against the Swiss Franc after the tone surrounding Brexit appears to be softening. The discussions yesterday at Chequers

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GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

The Pound has remained in a fairly tight range against the Swiss Franc as we begin the week with little economic data due out today. Tomorrow

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Bank of England to influence GBPCHF exchange rates

Bank of England to influence GBPCHF exchange rates

Tomorrow the monetary policy committee from the Bank of England will vote to decide the interest rate for the upcoming month. No change is expected from

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Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

The Pound is now once again trading just shy of the best rate to buy Swiss Francs since the Brexit vote held in June 2016 which

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Swiss Franc Exchange Rates