Tag "Mark Carney"

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 the UK will fail to raise interest rates as quickly as many had hoped. Whilst I believe GBPCHF could easily drop lower say to below 1.20, ore than likely we will come to some form of settlement in the 1.22-1.23 range. A big factor driving the Franc against the pound is the positioning and we fell to almost the lowest rates in 2017 earlier today as sterling fell on comments from the Bank of England yesterday. There is a

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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 float around 1.25, following positive comments made last week by Bank of England (BoE) governor Mark Carney. Carney alluded to a prospective interest rate hike over the coming months, although with no timeline given on the prospective height, are we witnessing something of a false dawn for Sterling? The Franc has found support under 1.25, despite worse than expected inflation data released this morning and the markets focus will now switch to tomorrow, with a host of key economic

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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, clients holding Sterling have BoE government Mark Carney to thank for today’s improvement. Carney surprised the markets by suggesting a rise in UK interest rates was not being discounted, despite comments he made last week which seemed to dampen expectation of a hike. He even went as far as to suggest that it would be necessary, should UK business’s shrug off Brexit uncertainty and raise investment and wages. He stopped as far as giving a timeframe on any prospective

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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 key releases for the UK economy. The Pound was immediately on the back foot this morning though, following poor Manufacturing & Industrial Production figures. These came out under market expectation and the Pound started to lose value against the CHF. Despite inflation data in Switzerland coming out lower than predicted the CHF gained value, as investors sold off Sterling positions ahead of the Bank of England’s (BoE) interest rate decision at Midday. GBP/CHF had been trading above 1.30, with

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Will GBPCHF rates rise or fall?

Will GBPCHF rates rise or fall?

The expectation is for the pound to push higher in the coming weeks as Article 50 is triggered but this might only be short-lived. If you

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GBP/CHF Rates Drop Ahead of Christmas Slowdown (Matthew Vassallo)

GBP/CHF Rates Drop Ahead of Christmas Slowdown (Matthew Vassallo)

GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at

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GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)

GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)

GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six

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Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

GBP/CHF rates have levelled out over the past couple of weeks following some heavy losses earlier this month. The Pound crashed following UK Prime Minister Theresa

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Sterling vs Swiss Franc continues to fall as UK economy looks set to struggle (Tom Holian)

Sterling vs Swiss Franc continues to fall as UK economy looks set to struggle (Tom Holian)

According to Bank of England deputy governor Ben Broadbent the drop in the value of Sterling has helped to stop the UK economy from falling further since

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GBPCHF rates slide to 5 year low!

GBPCHF rates slide to 5 year low!

Pound to Swiss Franc exchange rates have continued their demise as sterling comes under further pressure and the Swissie remains as buoyant as ever. The coming

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