Tag "sterling exchange rates"

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 the exchange rate. Most clients looking to buy and sell the Franc for pound have tried to capitalise on the favourable swings we have seen before and after the result. Risk sentiment and attitudes towards the global economy remain a driver on the GBPCHF which despite sterling’s weakness since yesterday, remains at some of the best levels since before the Referendum. The pound will now remain at the mercy of the latest negotiations on Brexit with the rise and

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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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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 generally hoping for a more EU-friendly French Presidential candidate to come out on top of the first round of voting that took place this weekend. The far-right Eurosceptic candidate, Marine Le Pen will go through to the 2nd round but the likelihood of her winning now just sits at around 10%. Its the high possibility of Macron now going on to win that has bolstered the Euros value, and this same outlook has also created a sense of risk

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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 of Article 50 yesterday many were under the impression that the Pound would fall further, but it appears that the Brexit and the fears/uncertainty surrounding it appear to have been priced into the Pounds current value. Since the unexpected Brexit vote the Pound has lost 15% against the Swiss Franc with its lowest level being hit in October last year. During this time the Pound fell below 1.20 as fears emerged that the UK would be going through a

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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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Will the Pound fall as the Brexit formally begins? (Joseph Wright)

Will the Pound fall as the Brexit formally begins? (Joseph Wright)

At the time of  writing the pound is trading much closer to it’s annual low against the Swiss Franc than it’s annual high, and for reason

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Would tighter currency control regulations substantially boost the Swiss Francs value? (Joseph Wright)

Would tighter currency control regulations substantially boost the Swiss Francs value? (Joseph Wright)

Currency manipulation is becoming a hot topic now that Donald Trump has been inaugurated as the US President. Followers of his social media accounts will be

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GBP CHF Supported ahead of UK Interest Rate Decision (James Lovick)

GBP CHF Supported ahead of UK Interest Rate Decision (James Lovick)

The pound still remains on the back foot against the Swiss Franc with rates for GBP CHF sitting just below 1.25 for this pair. The pound

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GBP CHF Exchange Recover ahead of Supreme Court Ruling (James Lovick)

GBP CHF Exchange Recover ahead of Supreme Court Ruling (James Lovick)

The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound

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GBP CHF ahead of US Fed Meeting (James Lovick)

GBP CHF ahead of US Fed Meeting (James Lovick)

GBP CHF has been gradually climbing higher towards 1.30 but hitting some resistance at these upper levels following the US election victory by President-elect Donald Trump.

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