Tag "Sterling"

Swiss franc losing ground against Sterling at a rapid pace Swiss Franc also shown as overvalued in the Big Mac index

Swiss franc losing ground against Sterling at a rapid pace Swiss Franc also shown as overvalued in the Big Mac index

We have recently seen quite a movement for the Swiss Franc against the Pound, mainly down to a wave of positive vibes around brexit and how the economy is performing post the referendum. Many analysts had thought that the U.K economy would have been hit a lot harder following the vote from the U.K to leave the EU however at present the dip that they had expected has been nowhere near as severe. The Swiss Franc is performing fairly well against other major currencies, hitting the highest level against the Dollar since August 2015 in a battle of the safer haven currencies. There is still

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Will the bull run for the Pound continue? (Joseph Wright)

Will the bull run for the Pound continue? (Joseph Wright)

After falling from it’s 2017 highs of around 1.34, the GBP/CHF pair has since dipped and begun to climb back towards that mark again. At the time of writing, the pair are trading just below 1.33 which is around a cent from the Year-To-Date high. The Pound has been boosted today due to a data release earlier where it emerged that Retail Sales surged in November. The actual figure far exceeded the expectation as markets were expecting to see a figure of 0.4% which would have been up from the October figure of 0.3%, but Retail Sales figures rose by 1.1% during November. Although the

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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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GBPCHF exchange rates remain above 1.20 for how long?

GBPCHF exchange rates remain above 1.20 for how long?

GBPCHF has been range bound in recent weeks but anything but predictable! Of course one of the main, if not the main driver on this rollercoaster is the pound which has been much weaker and stronger according to the sentiments over the Brexit. On the whole the market is predicting the pound will be weaker in the future hence the big drops. So will GBPCHF now gather pace and rise over 1.25 or could the next move be much lower below 1.20? There are various factors of late which we can signal as helping sterling, notably the PM Theresa May’s speech which indicated that the

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Will GBPCHF fall into the teens? (Dayle Littlejohn)

Will GBPCHF fall into the teens? (Dayle Littlejohn)

Since the UK public decided to vote out of the European Union GBPCHF exchange rates have dropped 22 cents. To put this into monetary value a

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The impact of Marmite on Sterling vs Swiss Franc exchange rates (Tom Holian)

The impact of Marmite on Sterling vs Swiss Franc exchange rates (Tom Holian)

Sterling vs the Swiss Franc has continued to fall and at the moment it appears as though there is no end in sight for a Sterling

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GBPCHF rates slide to 5 year low!

GBPCHF rates slide to 5 year low!

Pound to Swiss Franc exchange rates have continued their demise as sterling comes under further pressure and the Swissie remains as buoyant as ever. The coming

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Will GBPCHF rise or fall tomorrow?

Will GBPCHF rise or fall tomorrow?

The Bank of England meeting tomorrow is the big event of this week and could be unsettling for anyone holding pounds looking to buy Swiss Francs.

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Will the pound keep rising against the Swiss Franc?

Will the pound keep rising against the Swiss Franc?

Will the pound keep rising against the Swiss Franc is a question I have been asked a lot lately as the pound has risen just recently

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Pound loses gains made from yesterday’s trading day (Dayle Littlejohn)

Pound loses gains made from yesterday’s trading day (Dayle Littlejohn)

The pound yesterday made over a 1% gain against the Swiss Franc on the back of Theresa May’s announcement that she would be the next Prime

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