Tag "sell Swiss Francs"

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 give some further clues to as the health of the Swiss economy. The numbers are important as the consumption is the most important component of Swiss Gross Domestic Product (GDP). A strong number this morning that signals a buoyant economy could help support the Swiss Franc further. Meanwhile as far as GBP CHF is concerned, Article 50 will be invoked tomorrow by UK Prime Minister Theresa May which will officially start the two year process for Britain to leave

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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 end of March this year. Many had expected to see her give a ‘Hard Brexit’ leaning speech and the Pound had lost value in the lead up to her comments, but when she announced that the UK Parliament will be having a final vote on the Brexit deal the markets welcomed the news and the Pound rallied. It is now clear that the UK will not remain a member of the EU’s single market, as it would be impossible

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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 this afternoon. GBP CHF exchange rates are hovering around 1.2350 for this pair. The pound fell sharply in morning trade but has since recovered as there still remains a great deal of ambiguity as how Brexit will take form. In my view yesterday’s fall was something of an overreaction considering we are still awaiting the verdict from the Supreme Court. The markets now eagerly await that Supreme Court ruling which may arrive later this week or next. The news

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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 expected as the Monetary Policy Committee announced their decision to cut Interest Rates by 0.25%. In the lead up to this announcement the Pound had been creeping up, particularly right before today’s announcement at 12pm UK time. Those slight gains have now been wiped out with the central level now at 1.2774 which isn’t a huge distance from the 52 week low of 1.2483. Those with CHF’s to sell may wish to consider taking advantage of the current levels

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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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When should I buy the Franc?

When should I buy the Franc?

GBPCHF rates have slipped back again today as the Reserve Bank of Australia cuts their interest rate which is indicative of further uncertainty and volatility in

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Will CHF benefit from Brexit fears?

Will CHF benefit from Brexit fears?

Most of the talk surrounding the UK’s upcoming EU Referendum concerns the British Pound and the Euro, although some analysts believe other currencies could benefit from

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Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)

Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)

The Swiss Franc has seen continued strength residing in the 1.38’s against the Pound. Whilst the Euro and Sterling battle against external factors the Swiss Franc

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Swiss Franc Expected to Remain a Safe Haven Through Referendum (Ben Fletcher)

Swiss Franc Expected to Remain a Safe Haven Through Referendum (Ben Fletcher)

This morning the Swiss National Bank has kept interest rates at -0.75%. The CHF has been following a volatile path; however there has been a general

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Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

This morning saw the release of UK unemployment figures which came in better than expected but has done little to bolster Sterling against the majority of

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