Tag "Sterling strength"

What can we expect next for the GBPCHF exchange rate?

What can we expect next for the GBPCHF exchange rate?

The pound to Swiss Franc rate has been sliding on the uncertainty of the UK raising interest rates. The general impression from the market is that the UK will fail to raise interest rates as quickly as many had hoped. Whilst I believe GBPCHF could easily drop lower say to below 1.20, ore than likely we will come to some form of settlement in the 1.22-1.23 range. A big factor driving the Franc against the pound is the positioning and we fell to almost the lowest rates in 2017 earlier today as sterling fell on comments from the Bank of England yesterday. There is a

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Swiss Franc remains strong (Dayle Littlejohn)

Swiss Franc remains strong (Dayle Littlejohn)

In the past many of my clients that are not experienced within the currency markets have asked why the Swiss Franc is incredibly strong against all of the major currencies when interest rates are currently in minus territory (-0.75%). Higher interest rates tend to strengthen the currency as investors can receive higher interest on their assets. Switzerland is known as a safe haven currency which means international investors want to leave their assets (normal large amounts) within the country as they believe the value will not depreciate, even thought Banks essentially charge their clients to hold their money. The currency company I work for is

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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. The Pound to Swiss Franc rate has quite some distance to climb before reaching its May highs of 1.30+, but the currency was helped this week after the Bank of England surprised financial markets on Thursday during the Monetary Policy Committee’s interest rate decision. Almost half of the voting members of the BoE’s Monetary Policy Committee voted in favour of raising interest rates. This was the first time they’ve been this bullish since 2007, ten years ago. The most likely

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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 surrounding the UK’s situation moving forward is weighing on sentiment and the Pound’s value. and has fallen over 2% since the election result last week. The relationship between the Pound and the Swiss Franc is interesting as investors tend to magnate towards currencies like the Swiss Franc in times of uncertainty, as the currency is considered a safe haven currency. Therefore in times as political uncertainty within Europe such as now, we could see the Pound continue to weaken

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Will the Pound to Swiss Franc rate go back over 1.30?

Will the Pound to Swiss Franc rate go back over 1.30?

The pound to Swiss Franc rate has slipped from the recent highs of over 1.30 which were the best rates to buy Francs with pounds since

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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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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

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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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Will 1.20 be tested again on GBP/CHF? (Joseph Wright)

Will 1.20 be tested again on GBP/CHF? (Joseph Wright)

Sterling has fallen as low as 1.1565 against the Swiss Franc within the last 52 weeks according to come sources, with the ‘flash crash’ being the

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How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph Wright)

How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph Wright)

For those researching potential future price movements between the Pound and the Swiss Franc, I think the effects of the Swiss National Banks current negative interest

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