Tag "Referendum"

Will GBPCHF keep rising?

Will GBPCHF keep rising?

Will the pound continue to rise against the Franc is a very valid question owing to the recent improvements we have seen on the GBPCHF pairing, we have very recently moved to a level that is close to the best rates to buy Francs since the Referendum in 2016! We are currently only a cent off this impressive and improved level, if you have a transfer to make buying or selling Francs there is important data this week which could move the market for you. GBPCHF has found itself above 1.30 now on more than one occasion which considering the rate was previously heading below

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Swiss Franc remains strong (Dayle Littlejohn)

Swiss Franc remains strong (Dayle Littlejohn)

In the past many of my clients that are not experienced within the currency markets have asked why the Swiss Franc is incredibly strong against all of the major currencies when interest rates are currently in minus territory (-0.75%). Higher interest rates tend to strengthen the currency as investors can receive higher interest on their assets. Switzerland is known as a safe haven currency which means international investors want to leave their assets (normal large amounts) within the country as they believe the value will not depreciate, even thought Banks essentially charge their clients to hold their money. The currency company I work for is

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Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

The Pound has gained roughly around 1% against the Swiss Franc this week, making the prospect of buying Swiss Francs with Pounds a more attractive prospect. The Pound to Swiss Franc rate has quite some distance to climb before reaching its May highs of 1.30+, but the currency was helped this week after the Bank of England surprised financial markets on Thursday during the Monetary Policy Committee’s interest rate decision. Almost half of the voting members of the BoE’s Monetary Policy Committee voted in favour of raising interest rates. This was the first time they’ve been this bullish since 2007, ten years ago. The most likely

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Is the Swiss Franc still a safe haven?

Is the Swiss Franc still a safe haven?

The Swiss Franc has always been framed as a safe haven currency, one that in terms of economic or political uncertainty is an investors ‘go-to’ to avoid the risk elsewhere. This trend has been less pronounced lately with key events such as the triggering of Article 50 and even the election of Donald Trump failing to spark the rally some might have hoped in the Franc. The pound is actually higher against the Franc as sterling receive buoyancy over Theresa May’s embraced vision of the future for the UK outside of the EU. More compelling is I believe a desire for financial markets to seek

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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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Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

The cost of hedging against major currency fluctuations between the Swiss Franc and the Euro hit it’s highest level in 2 months yesterday, as fears over

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Problems ahead for the SNB (Dayle Littlejohn)

Problems ahead for the SNB (Dayle Littlejohn)

Today Switzerland released their Consumer Price Index (inflation) numbers for February and the numbers impressed showing the prices of goods were on the rise. The numbers

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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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Would tighter currency control regulations substantially boost the Swiss Francs value? (Joseph Wright)

Would tighter currency control regulations substantially boost the Swiss Francs value? (Joseph Wright)

Currency manipulation is becoming a hot topic now that Donald Trump has been inaugurated as the US President. Followers of his social media accounts will be

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What lies ahead for GBPCHF in 2017?

What lies ahead for GBPCHF in 2017?

I am reading a lot about the pound in 2017 which is likely to be as volatile as in 2016. But the Franc is a harder

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