Tag "rates"

Sterling continues to slowly climb upward against the Swiss Franc (Joseph Wright)

Sterling continues to slowly climb upward against the Swiss Franc (Joseph Wright)

Since the initial shock of the ‘Brexit’ when the Pound fell as low as 1.2483 we have witnessed and slow and steady climb in the Pounds value. Despite have some significant distance to regain before trading back at the Pre-Brexit levels of 1.40, I believe that the Pound will continue to slowly recover although it may well be some time until we’re back to those 1.40ish levels. It’s the concern of an overvalued Swiss Franc by the Swiss National Bank that swings my opinion this way, as economic news coming out of the UK isn’t brilliant, and Friday’s Service and Manufacturing data made it clear

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Will CHF continue to decline? (Joseph Wright)

Will CHF continue to decline? (Joseph Wright)

Swiss Franc sellers have been having a bit of a rough time lately as global markets are seeing a pick up in risk sentiment. The Swiss Franc usually benefits off the back off uncertain market conditions along with the likes of the Japanese Yen and the commodity Gold. This is due to CHF’s status as a safe haven currency. When we look at the Swiss Franc’s performance this month I think it’s fair to say that global markets are at relative ease currently, with CHF losing over 3% against the Euro in just under a month. It hasn’t fared much better against the Pound either,

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Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

This morning saw the release of UK unemployment figures which came in better than expected but has done little to bolster Sterling against the majority of major currency pairings. There are several significant factors causing the Pounds weakness. the pending EU referendum, the Chinese slow down and worrying inflation levels hindering any possibility of a rate hike.  The question is could things get worse? Personally having evaluated the situation in great detail if I was a CHF seller I would probably look at take advantage of current trading levels. All these attributing factors have pushed Sterling to 12 month lows against both the Euro and

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Best time in 6 months to sell CHF for GBP!

Best time in 6 months to sell CHF for GBP!

Recent GBP weakness has presented the best time in 6 months to sell CHF for GBP. The expectation is that this will continue since sterling appears to still be in a very dark place. Expectations are for there to be lots of uncertainty surrounding the UK’s possible ‘Brexit’ and EU Referendum. Whilst no dates have been set, expectations are skewed towards a very tough time for GBP. The Franc itself has been stronger with confidence coming back to the European economy. Demand has improved in Europe and the now relatively speaking weaker Franc (compared to the strong Franc of recent years) has made Swiss products

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Sterling Could be in for a Rough Ride against CHF (Daniel Johnson)

Sterling Could be in for a Rough Ride against CHF (Daniel Johnson)

There are several reasons for Sterling’s decline against the Swiss Franc. There has been a drop from 1.49 in mid December to the 1.43s which is

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GBP/CHF rates lose ground from yesterday (Joshua Privett)

GBP/CHF rates lose ground from yesterday (Joshua Privett)

Sterling’s rally yesterday after a recent string of poor news has evaporated by morning. GBP/CHF rates are now back below 1.45 as Sterling moves back to

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Swiss Franc forecast is here -Keep checking back for regular updates!

Swiss Franc forecast is here -Keep checking back for regular updates!

Swiss Franc forecast is here and we will be giving you regular updates on Swiss Franc exchange rates. Keep checking back here and we will ensure

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