Tag "Sterling forecast"

Swiss GDP Figures Better Than Expected (Matthew Vassallo)

Swiss GDP Figures Better Than Expected (Matthew Vassallo)

The CHF received a boost during early mornings trading, following better than expected Gross Domestic Product (GDP) figures. The figure of 0.4% came out above the expected 0.2% and initially gave the CHF a boost against GBP, with the pair dropping to 1.3886 at today’s low. Despite the improved figure the CHF failed to hold it value, with GBP making a recovery back above 1.40 at the time of writing. Sterling has found some support over the past 48 hours and it seems as though any further major losses have been curbed for the time being. The Pound is fighting against a wave of negativity

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Will GBP/CHF Rates Recover Above 1.40? (Matthew Vassallo)

Will GBP/CHF Rates Recover Above 1.40? (Matthew Vassallo)

GBP/CHF rates have levelled out during Friday’s trading, providing some much needed respite for those clients holding Sterling. The Pound has found some support following a tough run, with the on-going media focus surrounding a possible “Brexit” from the EU dominating media headlines. This is causing investors to panic and we have seen huge GBP positions sold off, which in turn is dragging Sterling’s down. The problem is the uncertainty that has been created is not allowing Sterling to receive any sustained market support and this is likely to continue over the coming weeks. I do feel though that due to the possible over reaction

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GBPCHF Sinks!

GBPCHF Sinks!

GBPCHF has slipped further and further as the pound dives and Franc soars on global uncertainty. The Franc is used by investors in times of uncertainty and despite negative interest rates investors like to hold their deposits in the Franc in anticipation of better rates down the line. WIth the pound likely to come under much further pressure due to the Referendum we are bound to see this rate continue to slide. If you are buying CHF I really would suggest moving sooner rather than later to avoid the risk and uncertainty on markets. Conversely if you wish to buy pounds with CHF keeping track

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GBP/CHF Rates Spike During Thursday’s Trading (Matthew Vassallo)

GBP/CHF Rates Spike During Thursday’s Trading (Matthew Vassallo)

GBP/CHF rates have spiked up during Thursday’s trading, with the pair hitting 1.4310 at today’s high. With the Pound gaining almost 2 cents, the key question now is whether this trend will continue. Sterling seems to have found some support across the board and with little economic data of note for the UK today, the focus is on UK Prime Minister David Cameron and his talks in Brussels. It may be that we are starting to see the markets factor in a positive outcome to his talks, or just a realignment following yesterday’s heavy losses. Either way it does seem as though the Pound is

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UK Unemployment at 10 Year Low but the Pound Remains Under Pressure (Matthew Vassallo)

UK Unemployment at 10 Year Low but the Pound Remains Under Pressure (Matthew Vassallo)

GBP/CHF rates have fallen over the last month, with the Pound coming under increasing pressure against most of the major currency pairs. With GBP losing value

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