Tag "GBPCHF exchange rates"

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 morning brings with it the latest UK inflation data for both month on month and year on year. Inflation has been a hot topic for the UK and as inflation has been much higher than the government’s target for a long time then the Bank of England had no choice but to increase interest rates towards the end of last year to bring interest rates back up to where they were pre-Brexit. With inflation continuing to remain high I

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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 0.5%, therefore I expect the actual decision to be a non event. However shortly after the event Governor of the Bank of England Mark Carney will deliver his monetary policy statement which will be followed by a question and answer session. Regular readers will be aware that speeches given by governors of central banks can have a major influence of exchange rates. In recent weeks the UK economy has been performing fairly well. Q4 2017 Gross domestic product numbers

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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 is great news for anyone looking to convert Sterling at the moment. The Pound is now trading at an 18 month high vs the US Dollar and the trend is similar to what is happening vs the Swiss Franc as well. With the US Dollar being sold off at the moment the same appears to be happening with the Swiss Franc hence the current bout of weakness. It appears as though there is an increased investor risk appetite on

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Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

The Pound to Swiss Franc buying rate has remained above 1.30 since late October, and I wouldn’t be surprised to see the rate continue to climb from the current levels in my personal opinion. The global economy appears to have recovered from the crisis 10 years ago now, and with interest rates increasing within developed nations now and especially with the Fed Reserve Bank’s target’s of a further 3-rate hikes this year, I expect risk appetite to increase and for the Swiss Franc to weaken across the board of major currencies. The Swiss Franc is now around the cheapest it’s been to buy since the

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Where next for the Swiss Franc? (Tom Holian)

Where next for the Swiss Franc? (Tom Holian)

Sterling vs the Swiss Franc has once again fallen during today’s trading session as the Pound has had another appalling day against all major currencies. The

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Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

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

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Further Swiss Franc strength ahead? (Tom Holian)

Further Swiss Franc strength ahead? (Tom Holian)

The Pound was recently testing levels of almost 1.30 to buy Swiss Francs which was the best rate to buy Swiss Francs with Pounds in months.

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How will Article 50 impact Swiss Franc against Sterling? (Tom Holian)

How will Article 50 impact Swiss Franc against Sterling? (Tom Holian)

With just a few days to go before Article 50 is triggered the currency markets are waiting with baited breath for what may happen to the

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Will the Pound recover against the Swiss Franc? (Tom Holian)

Will the Pound recover against the Swiss Franc? (Tom Holian)

Sterling vs the Swiss Franc has been climbing recently as the Brexit talks appear to be going the right way at the moment. The talks are

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Rate to buy Swiss Francs with Sterling waiting for Brexit White Paper (Tom Holian)

Rate to buy Swiss Francs with Sterling waiting for Brexit White Paper (Tom Holian)

Sterling vs the Swiss Franc exchange rate remains tentative this morning with the release of the Brexit strategy due to come out later today. A white

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