Tag "sell Swiss Francs"

Bank of England to influence GBPCHF exchange rates

Bank of England to influence GBPCHF exchange rates

Tomorrow the monetary policy committee from the Bank of England will vote to decide the interest rate for the upcoming month. No change is expected from 0.5%, therefore I expect the actual decision to be a non event. However shortly after the event Governor of the Bank of England Mark Carney will deliver his monetary policy statement which will be followed by a question and answer session. Regular readers will be aware that speeches given by governors of central banks can have a major influence of exchange rates. In recent weeks the UK economy has been performing fairly well. Q4 2017 Gross domestic product numbers

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GBP CHF Weakness Amidst Brexit Negotiaions

GBP CHF Weakness Amidst Brexit Negotiaions

The pound has come under pressure against the Swiss Franc this week as Brexit discussions intensify. The EU lead negotiator Michel Barnier is in London today to discuss the future relationship between Britain and the EU and there appears to be a big drive to try and reach a deal, for the time being anyway. The statement however from the British government this morning which has made it abundantly clear that Britain will be leaving the customs union appears to be having a negative impact on the pound. The tone coming out of the EU is that Britain now faces choices and that barriers to

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Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

The Pound is now once again trading just shy of the best rate to buy Swiss Francs since the Brexit vote held in June 2016 which is great news for anyone looking to convert Sterling at the moment. The Pound is now trading at an 18 month high vs the US Dollar and the trend is similar to what is happening vs the Swiss Franc as well. With the US Dollar being sold off at the moment the same appears to be happening with the Swiss Franc hence the current bout of weakness. It appears as though there is an increased investor risk appetite on

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Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become even more expensive? (Joseph Wright)

The best time to have converted Swiss Francs into Sterling over the past decade would have been around October of last year, when the fears surrounding the Brexit really begun. At the time the rate hit the 1.20’s which in the reverse equates to almost 0.83 pence per Swiss Franc, and at the time of writing we’re getting closer to these levels as the current rate is just over 0.80 cents. Due to the issues between North Korea and Japan/USA there appears to be more of a demand for safe haven currencies such as CHF, as well as commodities such as Gold. The Pound has

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GBP CHF Falls on Weaker UK Growth Outlook

GBP CHF Falls on Weaker UK Growth Outlook

The pound has fallen against the Swiss Franc today with rates sitting at 1.2650 for the GBP CHF pair. The mood in the UK has turned

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Swiss Franc Strength in Run up to Article 50 (James Lovick)

Swiss Franc Strength in Run up to Article 50 (James Lovick)

The Swiss Franc continues to hold the higher ground as global uncertainty continues to dominate the markets. UBS Consumption Indicator is released tomorrow morning which should

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Sterling jumps on UK PM’s Brexit plans, will the Pound continue to rise from this point onward? (Joseph Wright)

Sterling jumps on UK PM’s Brexit plans, will the Pound continue to rise from this point onward? (Joseph Wright)

Yesterday morning Theresa May, the UK Prime Minister set out a clear and realistic plan for the UK’s Brexit, which is likely to begin at the

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GBP CHF Exchange Recover ahead of Supreme Court Ruling (James Lovick)

GBP CHF Exchange Recover ahead of Supreme Court Ruling (James Lovick)

The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound

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GBP/CHF falls as Bank of England cuts interest rate (Joseph Wright)

GBP/CHF falls as Bank of England cuts interest rate (Joseph Wright)

After recovering somewhat over the past few weeks Sterling has once again dropped off, as today’s Interest Rate decision by the Bank of England went as

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Will the pound keep rising against the Swiss Franc?

Will the pound keep rising against the Swiss Franc?

Will the pound keep rising against the Swiss Franc is a question I have been asked a lot lately as the pound has risen just recently

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