Tag "Selling Swiss Francs"

GBP CHF Breaks Back Over 1.34

GBP CHF Breaks Back Over 1.34

GBP CHF rates have surged higher this week after what has been a uncertain start to 2018 for sterling exchange rates. GBP CHF has moved higher above 1.34 as a more upbeat outlook on Brexit has been perceived. Comments from the former Conservative Treasury Minister Jim O’Neil were particularly upbeat this week and have really been a confidence boost for the British economy despite the ongoing uncertainty over Brexit. He made clear that as global growth in the economy is picking up now, then this should be good news for the British economy which will help exports out of the UK. The Bank of England

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Where next for CHF? (Daniel Johnson)

Where next for CHF? (Daniel Johnson)

GBP/CHF – I would expect Sterling to come under pressure to wards the end of the month when Phase two of Brexit talks commence towards the end of the month. The UK and Brussels are at logger heads befor the talks even commence. Brexit secretary, David Davis is not happy, EU services have been advising UK based companies to consider relocating or risk losing contracts. Davis also stated “he will not allow Brussels to cherry pick terms of the deal.” This will be the most important phase of talks as it will looking at trade deals. There is a target of October to have everything

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Will the bull run for the Pound continue? (Joseph Wright)

Will the bull run for the Pound continue? (Joseph Wright)

After falling from it’s 2017 highs of around 1.34, the GBP/CHF pair has since dipped and begun to climb back towards that mark again. At the time of writing, the pair are trading just below 1.33 which is around a cent from the Year-To-Date high. The Pound has been boosted today due to a data release earlier where it emerged that Retail Sales surged in November. The actual figure far exceeded the expectation as markets were expecting to see a figure of 0.4% which would have been up from the October figure of 0.3%, but Retail Sales figures rose by 1.1% during November. Although the

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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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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

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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

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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.

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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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