Tag "Referendum"

Fears surrounding Italian politics strengthens the Swiss Franc

Fears surrounding Italian politics strengthens the Swiss Franc

Although some economists aren’t predicting the recent bout of CHF strength to remain, the bottom line is that the Swiss Franc has been one of the strongest performing currencies within the G10 recently. Market traders have been placing bets that the Euro will weaken against the Swiss Franc recently, after the issues surrounding the political leadership in Italy is beginning to spill over into the Euros value. Up until this weekend it had appeared that a populist coalition would take control in Italy with intentions of cutting back public debt and increasing public spending. There is also an anti-EU sentiment within the parties forming the

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The best rates to buy Francs since the Referendum vote!

The best rates to buy Francs since the Referendum vote!

GBPCHF has hit its highest point since the EU Referendum vote in June 2016, 19 months ago. The interbank rate of 1.34 is providing some much need respite for CHF buyers with pounds who have been struggling with some of the lower rates since 2011. If you have a transfer buying or selling the pound for the Franc it is important to be aware of the key trends which drive this currency pairing. The outlook for the GBPCHF exchange rate could now see the pound rise even further as we get more news to help the pound and investors are less inclined to hold the Franc.

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Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

Pound to Swiss Franc rate remains above 1.32, but what can we expect from the pair moving forward? (Joseph Wright)

The Pound to Swiss Franc buying rate has remained above 1.30 since late October, and I wouldn’t be surprised to see the rate continue to climb from the current levels in my personal opinion. The global economy appears to have recovered from the crisis 10 years ago now, and with interest rates increasing within developed nations now and especially with the Fed Reserve Bank’s target’s of a further 3-rate hikes this year, I expect risk appetite to increase and for the Swiss Franc to weaken across the board of major currencies. The Swiss Franc is now around the cheapest it’s been to buy since the

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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

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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.

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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

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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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