Tag "sell Swiss Francs"

Swiss Franc Weakens on Higher Confidence in Global Economy

Swiss Franc Weakens on Higher Confidence in Global Economy

The Swiss Franc has come under pressure in recent weeks which would suggest that optimism for the growth prospects of the global economy are improving. The Swiss Franc as a safe haven currency generally performs extremely well in times of global uncertainty and when things improve there is usually a direct correlation. The Swiss Franc has now weakened by nearly 4% over the last month and over 6% in the last 60 days. It is worth highlighting that the Swiss banks actually pay their depositors to borrow money with the rate of interest standing at -0.75%. The question for the Swiss National Bank will be

Read Full Article

GBP CHF Breaks 1.35

GBP CHF Breaks 1.35

The Swiss Franc has come under another wave of pressure with a devaluation through this week. Rates for GBP CHF have now climbed to 1.35 this afternoon presenting those clients looking to buy Swiss Francs with some of the best opportunities to purchase since the Brexit vote for Britain to withdraw from the EU. A member of the Swiss National Bank Andrea Maechler was recently reported saying that “The pressure on the Swiss Franc is still there, the currency has devalued and the over valuation has reduced, but the franc is still a safe haven.” Despite the weaker services data from the UK from yesterday

Read Full Article

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

The relationship between strong economic performance and a stronger underlying currency is somewhat skewed in regards to the Swiss Franc, as the currency is often considered a safe haven and investors pile money into the currency for a number of varying reasons. Our regular readers will be aware that in times of market uncertainty and increased risk, the Swiss Franc will often benefit as CHF and JPY see an influx of funds during these times due to their safe haven status. This can at times skew the true value of the currency, and the Swiss National Bank often acts to ensure the currency doesn’t fluctuate

Read Full Article

GBP CHF Moves Higher above 1.30

GBP CHF Moves Higher above 1.30

GBP CHF rates have moved higher today but with rates pushing back over 1.30 for the pair. The pound has been boosted today following a report which suggests that Britain is to have privileged access to the single market which contradicts previous reports that this was not possible. The mood on Brexit continues to be a major driver for sterling exchange rates and the news today is a step in the right direction for higher rates for GBP CHF. Clients looking to buy or sell Swiss Francs could see a volatile few days with a number of important economic data releases later this week. UK

Read Full Article

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

Read Full Article

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

Read Full Article

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

Read Full Article

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

Read Full Article

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

Read Full Article

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

Read Full Article

Get in touch

Swiss Franc Exchange Rates