Tag "save money"

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 paper is going to be published later with MPs backing the European Bill by 498 vote against 114 last night. The bill will be debated further in parliament next week although hundreds of amendments have already been suggested. Theresa May will still need the agreement  of parliament to trigger Article 50 and the content of the white paper is very similar to that given by May’s speech recently. Later today the Bank of England meet to discuss their latest

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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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Sterling is struggling to recover its losses after the BoE’s latest stimulus package (Joseph Wright)

Sterling is struggling to recover its losses after the BoE’s latest stimulus package (Joseph Wright)

Since last Thursday’s steep drop of almost 2 cents for Sterling versus the Swiss Franc the Pound has struggled to regain any of the ground it

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