Tag "Sterling weakness"

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 increased. The election of Emmanuel Macron has removed the uncertainty over the increase in Europe of right-wing parties which could have threatened the government. The overall belief is that we are in a much better position for the Swiss Franc as confidence increases over the global The market is now looking towards the French regional elections in June as trigger points to further volatility on safe haven currencies like the Swiss Franc. The Franc as a safe haven currency

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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% against the Swiss Franc. Personally I think the Pound could have strengthened even further against CHF had issues around the world not limited demand for riskier assets. Due to the Swiss Franc benefiting in times of political uncertainty the Swiss Franc has been in demand recently along with the Japanese Yen. The tension between the US and Russia over the Syria crises has caused Russian President, Vladimir Putin to state that relations between the two countries are now worse

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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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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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Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require

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