Tag "Selling Swiss Francs"

A tough 3rd quarter for Swiss exchange rates

A tough 3rd quarter for Swiss exchange rates

In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists predicting that Swiss jobs would come under the pressure, the Switzerland government allowed employers to extend working hours and pay to be cut, whilst at the same time being offered benefits by the Government which would help the employees that were effected. The theory behind the move from the Swiss Government was that a slight drop in pay or having to work an extra hour or two was far better than people losing their jobs and as the Swiss

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Will the Franc break 1.30 against the pound?

Will the Franc break 1.30 against the pound?

The Swiss Franc has been strengthening against sterling as fears over Italy, which had previously been causing the Franc to weaken look like they might be resolved. Talk of a coalition meeting again to resolve the current problems have seen the Euro strengthen which has helped the Franc too. With a deep relationship between the Franc and the Euro, these currencies can closely track either which causes movement on GBPCHF. I think that any further major uncertainty over what is happening could see the Franc stronger against the pound and could easily push us lower, perhaps to break 1.30. Especially with the pound being much

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GBPCHF rates slide on UK news and global risk events!

GBPCHF rates slide on UK news and global risk events!

The pound to Swiss Franc exchange rates has slipped to some of the lower levels in two months as concerns over the Italian political situation fuels a shift into safer haven assets like the Swiss Franc. We have also had a reduction in the interest rate forecast for the UK which is removing pressure on the Bank of England to raise interest rates and seeing the pound slightly softer. The longer-term direction for the pound to CHF rate could be towards a higher level as confidence grows over the UK’s future relations with the EU and risk appetite returns for investors, triggering a reduction in

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Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

Poor 2018 for Swiss Franc so far, will the downward trend continue? (Joseph Wright)

A quick glance at a chart showing the Swiss Franc’s performance this year makes for simple reading, as the trend is generally downward against all major currency pairs. There have even been reports of cross-border shopping trips from Switzerland to the surrounding countries declining, as the spending power of the Swiss Franc has diminished quite considerably in the last few months. At the time of writing the CHF/USD pair are sitting almost exactly on 1.00 which is the lowest level since May of last year. This support level was hit in October of last year and if the CHF/USD pair fall below the 1.00 mark

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What will move Swiss Franc exchange rates?

What will move Swiss Franc exchange rates?

The Swiss Franc is always susceptible to global attitudes to risk, as a safe haven currency it will rise and fall in value according to global

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Best rates to buy Swiss Francs since 2016!

Best rates to buy Swiss Francs since 2016!

We currently have the very best rates to buy Swiss Francs since the Referendum as confidence over the future outlook on Brexit continues to drive sterling.

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GBP CHF Supported on Transitional Brexit Deal

GBP CHF Supported on Transitional Brexit Deal

The pound has proven extremely resilient against the Swiss Franc with rates for the GBP CHF pair now sitting at 1.3450. GBP CHF has been given

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Pound hits 2 month high vs the Swiss Franc (Tom Holian)

Pound hits 2 month high vs the Swiss Franc (Tom Holian)

The Pound has now hit the best rate to buy Swiss Francs with Sterling since January and is now only 2 cents from the highest level

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Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

The Pound has continued to remain above 1.30 on the Interbank level at the time of writing even though Sterling has started to drop off from

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Sterling continues recovery as positive sentiment increases (Joseph Wright)

Sterling continues recovery as positive sentiment increases (Joseph Wright)

The Pound has continued to climb against the majority of major currency pairs in recent weeks, as there appears to be a complete change in sentiment

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