Tag "save money"

Pound hits best level to buy Swiss Francs since May (Tom Holian)

Pound hits best level to buy Swiss Francs since May (Tom Holian)

The Pound has hit its best rate to buy Swiss Francs since May after the Bank of England mentioned that they may be gearing up for an interest rate hike sooner than the market expects. During the announcement the Bank of England spoke about stronger than expected UK economic growth and combined with rising inflation as well as the strongest UK unemployment figures in over 30 years the ingredients could influence an interest rate hike in the next few months. At the end of next week on Friday Prime Minister Theresa May will be speaking in Florence to announce her plan for a post-Brexit Britain in

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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 stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

The Pound has steadied this afternoon after opening the weeks trading session under pressure. The currency got off to a bad start after another terrorist attack, the 3rd in the last 3 months. As dreadful as it may sound the financial markets appear to have become more accustomed to these types of events and despite the weekends dreadful attacks over the weekend, the Pound has actually climbed almost across the board of major currency pairs during today’s trading session. I expect there to be further price movements between the Pound and the Swiss Franc between now and the election this Thursday, especially if the polls

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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 aware of his criticism’s of a number of countries for artificially weakening their currency’s in order to remain competitive on a global scale, and recently his attention has been on the Eurozone and how Germany is benefiting from the weaker Euro. It likely that sooner or later CHF will hit the headlines the Swiss National Bank works particularly hard to ensure the Swiss Franc doesn’t become vastly overvalued. Due to the Swiss Franc’s status as a safe haven currency

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Rate to buy Swiss Francs with Sterling waiting for Brexit White Paper (Tom Holian)

Rate to buy Swiss Francs with Sterling waiting for Brexit White Paper (Tom Holian)

Sterling vs the Swiss Franc exchange rate remains tentative this morning with the release of the Brexit strategy due to come out later today. A white

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Sterling gains against the Swiss Franc (Tom Holian)

Sterling gains against the Swiss Franc (Tom Holian)

The Pound has recovered some its losses from early last week following the speech made by Prime Minister Theresa May which covered the Brexit issue. We

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Which factors are currently influencing GBP/CHF exchange rates? (Joseph Wright)

Which factors are currently influencing GBP/CHF exchange rates? (Joseph Wright)

The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald

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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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Buying Swiss Francs with Sterling remains uncertain owing to Article 50 issues (Tom Holian)

Buying Swiss Francs with Sterling remains uncertain owing to Article 50 issues (Tom Holian)

Sterling is still battling against the Swiss Franc but not making any real gains recently owing to the uncertain political situation in the UK. In a

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Sterling falls against the Swiss Franc as safe haven buyers pile into the Swiss Franc (Tom Holian)

Sterling falls against the Swiss Franc as safe haven buyers pile into the Swiss Franc (Tom Holian)

The Pound has continued to struggle against the Swiss Franc following on from last night’s US Federal Reserve’s interest rate decision to keep interest rates on

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