Tag "gbpchf"

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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Mark Carney to influence GBPCHF exchange rates

Mark Carney to influence GBPCHF exchange rates

Towards the close of play tomorrow Governor of the Bank of England Mark Carney will address the public and talk about the UK economy. Recently the Bank of England have hinted towards raising interest rates in March which has given the pound a boost against the Swiss franc. Further hints towards a hike should help the pound, however with the recent positive run, I expect the governor to remain neutral and the pound to finish the week at current levels. In other news the US will release their latest Non-Farm Payroll numbers, unemployment rates and average earnings. Non Farm is expected to be released just

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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 strengthens against CHF (Daniel Johnson)

Sterling strengthens against CHF (Daniel Johnson)

GBP/CHF in Detail Sterling has made consistent gains against the Swiss Franc over the last week and now sits at a yearly high of 1.34. These gains can be attributed predominantly due to an extremely optimistic UK growth forecast from Lord Jim O’Niell. O’Neill was specifically looking at the possibility of a UK economic recovery post-Brexit. O’Neill stated the damage caused by Brexit could quickly be repaired. O’Neill said ‘That is because some parts of the UK, led by the north west, are actually doing way better than people seem to realise or appreciate.” As well as this crucial fact, the rest of the world

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EU summit to dictate GBPCHF exchange rates

EU summit to dictate GBPCHF exchange rates

Since the end of August the pound has been making inroads against the Swiss Franc and recovering from the dramatic drop in exchange rates since the

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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

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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

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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

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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

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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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