Tag "Selling Swiss Francs"

GBP CHF Before Article 50 is Invoked (James Lovick)

GBP CHF Before Article 50 is Invoked (James Lovick)

The Swiss Franc continues to remain incredibly strong as it maintains its status as a safe haven currency in these uncertain economic times globally. The Swiss National Bank quarterly bulletin is released tomorrow afternoon at 14pm which is produced by the central bank and acts as a good barometer of how the Swiss economy is performing and can create considerable volatility. The report also focuses on exchange rates under the “Exchange rate survey” largely as a result of the strength of the Swiss Franc which the bank likes to keep an eye on. The Swiss National Bank have surprised the markets in the past and any concerns

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Will GBPCHF break 1.20?

Will GBPCHF break 1.20?

the pound to Swiss Franc rate has deteriorated further in the last 24 hours as uncertainty over the Brexit and economic data for the UK weigh on the performance of the pound. I would suggest rates are going to continue to struggle for Swiss Franc buyers in the coming weeks as the UK triggers Article 50 and investors start to rethink just how successful and stable the UK economy will be in the coming months and years. The sacking of Lord Heseltine has not helped the situation and just underlines how strong Theresa May’s hand is in all of this. The pound to Swiss Franc

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GBP CHF Before UK Budget (James Lovick)

GBP CHF Before UK Budget (James Lovick)

The pound has continued to gradually slide lower against the Swiss Franc with rates for this pair falling to 1.2350. GBP CHF is particularly week on two counts: The safe haven status of the Swiss Franc and Brexit. Sterling continues to remain under a degree of pressure as the Brexit uncertainty continues to loom with Article 50 still expected to be invoked later this month. The House of Lords will be scrutinising the Brexit Bill once again today and there is likely to be an amendment requested that will seek a final vote on the terms of the Brexit deal offered by the European Union.

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Pound slips on poor manufacturing data, will it drop further once the Brexit begins? (Joseph Wright)

Pound slips on poor manufacturing data, will it drop further once the Brexit begins? (Joseph Wright)

Yesterday the Pound feel across the board as economic data released early in the morning disappointed. Figures released by Markit showed that Manufacturing in the UK slowed during the month of February. Although a drop was expected the fall was much greater than expected and markets immediately reacted to the news. The fall in the sector can be put down to rising production costs due to Sterling’s reduced value since the UK electorate voted in favour of leaving the European Union in what’s been labelled the Brexit. British households are also beginning to spend less as inflation increases once again due to the weakened Pound.

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GBP CHF Gains Ahead of European Elections (James Lovick)

GBP CHF Gains Ahead of European Elections (James Lovick)

The pound has seen a good start to the week making gains against all of the major currencies including the Swiss Franc. One of the reasons

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Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require

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GBP CHF – Supreme Court Ruling Imminent (James Lovick)

GBP CHF – Supreme Court Ruling Imminent (James Lovick)

The Supreme Court ruling is finally upon us this morning which will determine whether or not UK Prime Minister Theresa May can invoke Article 50 to

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Sterling continues to weaken after PM alludes to ‘Hard Brexit’ preference, will GBP/CHF continue to decline? (Joseph Wright)

Sterling continues to weaken after PM alludes to ‘Hard Brexit’ preference, will GBP/CHF continue to decline? (Joseph Wright)

Pound Sterling is still feeling the effects of UK Prime Minister, Theresa May’s comments regarding the Brexit over the past weekend, with GBP/CHF now trading in

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GBP CHF Rates Hold Steady Before UK GDP (James Lovick)

GBP CHF Rates Hold Steady Before UK GDP (James Lovick)

The pound has tailed off from its recent high against the Swiss Franc over the last couple of weeks with rates for GBP CHF sitting at

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GBP CHF Gains – Rates over 1.26

GBP CHF Gains – Rates over 1.26

Rates for buying Swiss Francs dollars remain incredibly subdued post Brexit but there has been a general improvement over the last month. Rates for the moment appear

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