Tag "sterling exchange rates"

GBP CHF Weakness Amidst Brexit Negotiaions

GBP CHF Weakness Amidst Brexit Negotiaions

The pound has come under pressure against the Swiss Franc this week as Brexit discussions intensify. The EU lead negotiator Michel Barnier is in London today to discuss the future relationship between Britain and the EU and there appears to be a big drive to try and reach a deal, for the time being anyway. The statement however from the British government this morning which has made it abundantly clear that Britain will be leaving the customs union appears to be having a negative impact on the pound. The tone coming out of the EU is that Britain now faces choices and that barriers to

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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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GBP CHF Slips after Softer UK Inflation Data

GBP CHF Slips after Softer UK Inflation Data

The pound has slipped against the Swiss Franc today after weaker UK inflation data fell slightly lower this morning which will be welcome news for the Bank of England. UK inflation has fallen from the recent high in November of 3.1% down to 3% which has helped see the pound fall against most of the major currencies today. GBP CHF is currently trading at 1.3255 although a high of 1.3303 was seen earlier today. The ongoing Brexit situation continues to be a grey area at the moment and there appears to be some confusion as to what the end state will ultimately look like. With

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GBP CHF Slips from 18 Month High

GBP CHF Slips from 18 Month High

GBP CHF rates remain supported over 1.32 for the pair having slipped from the 18 month high of 1.33 on Tuesday. The pound remains on a delicate footing as the overall uncertainty over Brexit continues to be a major driving force for sterling exchange rates. It has been reported that the EU are taking very seriously the prospect of a hard Brexit and have also written to 15 sectors advising them to prepare for the worst. It highlights how tricky this negotiation will be and that the pound is still in a precarious position on the perception that Britain could be without a future trade

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Best time to buy Swiss Francs with Pounds since Brexit (Tom Holian)

Best time to buy Swiss Francs with Pounds since Brexit (Tom Holian)

The Pound has now hit its best rate to buy Swiss Francs since the Brexit vote in June 2016 as the Pound has really improved following

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Will GBPCHF remain above 1.30?

Will GBPCHF remain above 1.30?

GBPCHF has has a very volatile few weeks, principally as a result of the latest UK interest rate decision which has seen some big shifts on

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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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Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

The Swiss Franc is in low demand today after the financial markets breathed a sigh of relief. Irrespective or our readers personal beliefs the markets were

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Has GBP/CHF seen its lowest levels now that Brexit is underway? (Joseph Wright)

Has GBP/CHF seen its lowest levels now that Brexit is underway? (Joseph Wright)

The Pound to Swiss Franc exchange rate has opened up flat this morning, trading at around the 1.2385 mark at the mid-market level. With the triggering

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Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

The cost of hedging against major currency fluctuations between the Swiss Franc and the Euro hit it’s highest level in 2 months yesterday, as fears over

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