Tag "Selling Swiss Francs"

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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Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Pound loses almost a cent and half after BoE comments, will Sterling continue to struggle this year? (Joseph Wright)

Sterling tumbled against most major currency pairs today, and especially against safe haven currencies such as the Swiss Franc. The Pound dipped as soon as it was announced that interest rates will remain unchanged and the voting pattern has become less bullish in favour of a rate hike, as inflation levels have eased slightly in recent weeks. The Bank of England also adopted a cautious tone and cut its growth forecast for the UK economy in 2017 from 1.9% down to 1.7%. Mark Carney, a very important figure as he’s the governor of the Bank of England also warned of the risks of Brexit, and

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GBP CHF Ahead of Bank of England Meeting (James Lovick)

GBP CHF Ahead of Bank of England Meeting (James Lovick)

The pound has seen a small rally against the Swiss Franc with rates trading at just below 1.28 for the GBP CHF pair creating some better opportunities for anyone needing to buy Swiss Francs. The Swiss Franc does remain strong however with all the political uncertainty globally but with particular reference to the US and UK. The Bank of England meet on Thursday to discuss a potential interest rate rise. At the last meeting there was a 5-3 split in favour of keeping rates on hold and this highlighted a much greater desire for action to be taken by the Monetary Policy Committee. There was

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Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

Sterling gains on BoE rate hopes, will we see the Pound recover back to May’s levels? (Joseph Wright)

The Pound has gained roughly around 1% against the Swiss Franc this week, making the prospect of buying Swiss Francs with Pounds a more attractive prospect. The Pound to Swiss Franc rate has quite some distance to climb before reaching its May highs of 1.30+, but the currency was helped this week after the Bank of England surprised financial markets on Thursday during the Monetary Policy Committee’s interest rate decision. Almost half of the voting members of the BoE’s Monetary Policy Committee voted in favour of raising interest rates. This was the first time they’ve been this bullish since 2007, ten years ago. The most likely

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How was the election affected the Pound vs the Swiss Franc? (Tom Holian)

How was the election affected the Pound vs the Swiss Franc? (Tom Holian)

The Pound to Swiss Franc exchange rate has continued to fall over the last few days when initial exit polls came out on election night which

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Sterling continues to slide in wake of Hung Parliament, will this trend continue? (Joseph Wright)

Sterling continues to slide in wake of Hung Parliament, will this trend continue? (Joseph Wright)

The Pound is continuing its downward spiral against all major currency pairs, as today’s trading session has seen another sell-off in the Pound,s value. The uncertainty

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Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

The Pound has steadied this afternoon after opening the weeks trading session under pressure. The currency got off to a bad start after another terrorist attack,

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Pound falls from recent highs vs the Swiss Franc (Tom Holian)

Pound falls from recent highs vs the Swiss Franc (Tom Holian)

The Pound vs the Swiss Franc exchange rate has fallen over the last few days after the recent UK Quarterly Inflation Report published last Thursday. Bank

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Pound rises against the Swiss Franc to 1 month high (Tom Holian)

Pound rises against the Swiss Franc to 1 month high (Tom Holian)

The Pound has made gains vs the Swiss Franc recently and this has seen the Pound hit its highest level in a month following the uncertainty

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GBP CHF ahead of Swiss Inflation Numbers (James Lovick)

GBP CHF ahead of Swiss Inflation Numbers (James Lovick)

The Swiss Franc may come under pressure tomorrow after Consumer Price Index inflation numbers are released. Inflation is expected to fall from 0.6% to 0.5% for

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