Tag "sell Swiss Francs"

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 slightly downbeat largely as a result of concerns over the British economy. After the Bank of England held interest rates last Thursday and reduced the economic growth outlook the pound has remained on the back foot against all of the major currencies including the Swiss Franc. The uncertainty over Brexit, the political changes we have seen since the UK election and the prospect of a slowdown in consumer spending are all starting to become of concern for the British

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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 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

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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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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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