Tag "selling chf"

Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

The Pound has begun the week in strong fashion after gaining against the majority of major currency pairs pairs today and gaining on CHF by around half a percent. Much of its strong start is being attributed to comments from the Bank of England’s Deputy Governor, Sir. David Ramsden that were made over the weekend. In a Sunday Times article he mentioned that interest rates may need to rise faster than it was previously assumed, which the 3% inflation level putting pressure on the economy. He was also hawkish regarding the UK economy in the first half of this year, and said that he doesn’t

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Will the Pound continue to fall versus the Swiss Franc? (Joseph Wright)

Will the Pound continue to fall versus the Swiss Franc? (Joseph Wright)

Since August begun the appetite for risk has lessened within global financial markets, and this has unsurprisingly resulted in CHF strength. When compared with the Pound the Swiss Franc has actually gained 3 cents since the month started, with many traders wondering whether the rate can drop back down to it’s lowest levels so far this year in the early 1.20’s. The Pound isn’t being helped by the fears surrounding the poor start to the Brexit negotiations which are likely to be an influencing factor for some time. Now that hopes of an interest rate hike in the UK have dwindled many investors are hoping

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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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Will the Pound to Swiss Franc rate go back over 1.30?

Will the Pound to Swiss Franc rate go back over 1.30?

The pound to Swiss Franc rate has slipped from the recent highs of over 1.30 which were the best rates to buy Francs with pounds since September 2016. The pound to Franc rate has fallen as sterling suffers at the mercy of higher inflation and the Franc is bought as European markets fare well but there does remain a degree of international uncertainty. The US dollar has been sold off lately and the Franc has been a main beneficiary. This will all probably subside in the coming weeks and rates back over 1.30 could easily be seen again, particularly if Theresa May wins a strong

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GBPCHF rates could fall further today

GBPCHF rates could fall further today

The GBPCHF rate has slipped a little in early morning trading today as investors await the UK budget due today. Amongst the usual leaks and rumours

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GBP/CHF continues to trend downward as pessimism surrounds the Pound (Joseph Wright)

GBP/CHF continues to trend downward as pessimism surrounds the Pound (Joseph Wright)

Over the past week the Pound has struggled against pretty much all major currencies as risk appetite has waned within global markets. The focus is very

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Will Sterling’s recovery versus the Swiss Franc fizzle out? (Joseph Wright)

Will Sterling’s recovery versus the Swiss Franc fizzle out? (Joseph Wright)

The GBP/CHF currency pair is difficult to predict at the moment with a number of factors potentially affecting it. With the Swiss Franc being a safe

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GBPCHF hovers above 1.30 but for how long?

GBPCHF hovers above 1.30 but for how long?

The pound and the Franc have had a very strange relationship since they are at times similar and at times polar opposites! This can explain the sometimes

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Watch out for the BOE Interest Rate Decision on 4th August (Daniel Charles Johnson)

Watch out for the BOE Interest Rate Decision on 4th August (Daniel Charles Johnson)

  With the new PM, Theresa May and her cabinet now in place  I would expect a gradual rally for Sterling against most major currencies. The

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Volatility on GBP/CHF due to potential Brexit (Daniel Charles Johnson)

Volatility on GBP/CHF due to potential Brexit (Daniel Charles Johnson)

Voting is now in full swing. We have seen the remain camp gain a lead at one point they were 10 points clear at 55%. The

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