Tag "Mark Carney"

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

A quick glance at a chart showing the Swiss Franc’s performance this year makes for simple reading, as the trend is generally downward against all major currency pairs. There have even been reports of cross-border shopping trips from Switzerland to the surrounding countries declining, as the spending power of the Swiss Franc has diminished quite considerably in the last few months. At the time of writing the CHF/USD pair are sitting almost exactly on 1.00 which is the lowest level since May of last year. This support level was hit in October of last year and if the CHF/USD pair fall below the 1.00 mark

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Bank of England set to influence Sterling Swiss Franc Rates

Bank of England set to influence Sterling Swiss Franc Rates

The most eagerly anticipated data release is due today with the Bank of England due to hold their latest monetary policy decision at lunchtime today. Up until a fortnight ago the anticipation was that we’d see an interest rate hike this month however since then we have seen a number of negative data releases which are likely to keep interest rates on hold at today’s meeting. UK GDP came out at its slowest pace in 6 years and Construction and Services data have shown signs of a real slowdown so an interest rate hike at the moment appears highly unlikely. However, average earnings have outpaced

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Will next week bring change for the GBP to CHF pair? (Joseph Wright)

Will next week bring change for the GBP to CHF pair? (Joseph Wright)

Sterling has been struggling for direction over the past week, after a number of mixed signals have resulted in a directionless Pound. It’s been trading within a pretty straightforward range against most major currency pairs recently, and after positive comments from the Bank of England regarding monetary policy last week. Interest rate hikes from the Bank of England this year were looking a lot more likely after the governor of the BoE, Mark Carney last week stated that the BoE may need to begin raising rates much sooner than expected after an unexpected pick up in the global economy coupled with high inflation levels in

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CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

It’s been a volatile day for GBP/CHF exchange rates, with over a two cent from high to low. Sterling found plenty of support following the Bank of England’s interest rate decision and monetary policy statement this morning. As expected the central bank kept rates on hold at 0.5% and whilst there was no change in the current stimulus programme, it was governor Mark Carney’s speech that caused the markets to react. Carney was far more bullish than many anticipated and said that the central bank would look to raise interest rates to counter rising inflation levels, if they continue to rise. He also mentioned that

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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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Will GBPCHF rise or fall in October?

Will GBPCHF rise or fall in October?

The GBPCHF rate has been rising steadily as the pound strengthens and the Euro weakens too, which loosely influences the Franc. The Franc has relatively speaking

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What can we expect next for the GBPCHF exchange rate?

What can we expect next for the GBPCHF exchange rate?

The pound to Swiss Franc rate has been sliding on the uncertainty of the UK raising interest rates. The general impression from the market is that

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GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

The Pound has found some support over the past week, gaining almost two cents on the CHF at its high. GBP/CHF exchange rates are continuing to

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Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

The Pound finally made some headway during Wednesday’s trading, gaining almost two cents against the CHF at today’s high. With GBP/CHF once again trading above 1.24,

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Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling has come under pressure during Thursday’s trading, following some poor UK economic data releases. Today was dubbed ‘Super Thursday’ by investors, due to host of

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