Tag "Sterling weakness"

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

The relationship between strong economic performance and a stronger underlying currency is somewhat skewed in regards to the Swiss Franc, as the currency is often considered a safe haven and investors pile money into the currency for a number of varying reasons. Our regular readers will be aware that in times of market uncertainty and increased risk, the Swiss Franc will often benefit as CHF and JPY see an influx of funds during these times due to their safe haven status. This can at times skew the true value of the currency, and the Swiss National Bank often acts to ensure the currency doesn’t fluctuate

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GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

Sterling has performed well today against all major currency pairs, with its performance against the Swiss Franc being one of the stand out performers. In this morning’s trading session the Pound received a boost after it emerged that the UK’s services sector is in good health after the PMI figures hit 54.5 in February which is a lot better than the 53.3 expectations. On Friday the UK’s Prime Minister, Theresa May gave a Brexit related speech which has failed to stimulate the markets as the pound remained relatively unchanged. I think that those of our readers monitoring rates should be aware that Brexit related news

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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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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 September 2016. The pound to Franc rate has fallen as sterling suffers at the mercy of higher inflation and the Franc is bought as European markets fare well but there does remain a degree of international uncertainty. The US dollar has been sold off lately and the Franc has been a main beneficiary. This will all probably subside in the coming weeks and rates back over 1.30 could easily be seen again, particularly if Theresa May wins a strong

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GBPCHF breaks the 1.30 but quickly falls back!

GBPCHF breaks the 1.30 but quickly falls back!

The pound to Swiss Franc rate has broken 1.30 this week as sterling has risen and investors confidence over the outlook for politics in the Eurozone

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Will Sterlings gains against the Swiss Franc be limited due to geopolitical issues boosting CHF? (Joseph Wright)

Will Sterlings gains against the Swiss Franc be limited due to geopolitical issues boosting CHF? (Joseph Wright)

The Pound has been on a strong run against the Swiss Franc in recent weeks, and over the past month alone Sterling is up by 2.66%

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GBPCHF remains at the better rates of 2017

GBPCHF remains at the better rates of 2017

The pound to Swiss Franc rate remains at some of the better levels of 2017 as the market shrugs off the UK triggering Article 50 and

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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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Pound to Swiss Franc rise halted by International Fears……

Pound to Swiss Franc rise halted by International Fears……

The pound to Swissie has risen above 1.24 after languishing in the 1.22’s for much of last week. This move higher has mainly been prompted by

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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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