Tag "gbpchf"

Pound falls against the Swiss Franc after MPC member comments (Tom Holian)

Pound falls against the Swiss Franc after MPC member comments (Tom Holian)

The Pound has fallen vs the Swiss Franc after two of the members of the Monetary Policy Committee spoke yesterday. Ben Broadbent has stated that he’s ‘not ready’ to raise interest rates just yet and after the 5-3 split in the announcement earlier this month the markets were expecting both him and Andy Haldane to be hawkish in their tone. The reverse happened and combined with Kristin Forbes who has left since the vote and voted for a rate hike the appetite for a rate hike looks to be diminishing very fast. This news has caused the Pound to fall to its lowest level in a

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Pound slips on poor manufacturing data, will it drop further once the Brexit begins? (Joseph Wright)

Pound slips on poor manufacturing data, will it drop further once the Brexit begins? (Joseph Wright)

Yesterday the Pound feel across the board as economic data released early in the morning disappointed. Figures released by Markit showed that Manufacturing in the UK slowed during the month of February. Although a drop was expected the fall was much greater than expected and markets immediately reacted to the news. The fall in the sector can be put down to rising production costs due to Sterling’s reduced value since the UK electorate voted in favour of leaving the European Union in what’s been labelled the Brexit. British households are also beginning to spend less as inflation increases once again due to the weakened Pound.

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Will the Pound fall as the Brexit formally begins? (Joseph Wright)

Will the Pound fall as the Brexit formally begins? (Joseph Wright)

At the time of  writing the pound is trading much closer to it’s annual low against the Swiss Franc than it’s annual high, and for reason for this can simply be put down to last years Brexit vote. We are now just weeks from the formal initiation of the Brexit process and interestingly the Pound is trading around it’s year-to-date highs against many currency pairs. Personally I think that markets have now accepted that the UK will be carrying out a ‘Hard Brexit’ after the UK PM, Theresa May made clear the UK government’s plans for the Brexit moving forward. With this in mind references

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Sterling Swiss Franc Exchange Rate Update (Tom Holian)

Sterling Swiss Franc Exchange Rate Update (Tom Holian)

Sterling vs the Swiss Franc has been going in an upwards direction this week after the Brexit verdict released on Tuesday morning. Initially this caused the Pound to fall vs the Swiss Franc but since then Sterling has continued to go upwards. Later today UK Prime Minister Theresa May will be the first foreign leader to be visiting Donald Trump and the talks are expected to be positive. Even though some of Trump’s executive orders have raised eyebrows and his recent comments on torture have alarmed many the discussions between May and Trump are likely to be focused on trade relations. In his presidential campaign

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Factors impacting GBPCHF exchange rates (Dayle Littlejohn)

Factors impacting GBPCHF exchange rates (Dayle Littlejohn)

The Swiss Franc has limited data releases to note for the upcoming weeks therefore I expect news from the Brexit story and UK economic data to

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Will GBPCHF fall into the teens? (Dayle Littlejohn)

Will GBPCHF fall into the teens? (Dayle Littlejohn)

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

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Sterling likely to remain under pressure in the upcoming months (Joseph Wright)

Sterling likely to remain under pressure in the upcoming months (Joseph Wright)

The Brexit remains within the headlines on a daily basis at the moment as the fallout from the vote continues to have an impact. Since the

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Brexit continues to put pressure on GBPCHF exchange rates (Dayle Littlejohn)

Brexit continues to put pressure on GBPCHF exchange rates (Dayle Littlejohn)

Within the last 72 hours there has been significant developments in regards to Brexit. UK Prime Minister Theresa May has announced she will begin the process

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How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph Wright)

How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph Wright)

For those researching potential future price movements between the Pound and the Swiss Franc, I think the effects of the Swiss National Banks current negative interest

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GBP/CHF continues to trend downward as pessimism surrounds the Pound (Joseph Wright)

GBP/CHF continues to trend downward as pessimism surrounds the Pound (Joseph Wright)

Over the past week the Pound has struggled against pretty much all major currencies as risk appetite has waned within global markets. The focus is very

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