Tag "Sterling"

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 200,000 Swiss Franc purchase now costs an extra £26,000 and I believe buying the Franc is going to get more expensive next week. The Bank of England are set to release their latest interest rate next Thursday. Many economists are predicting further cuts potentially to 0%. When a central bank cuts interest rates it entices investors to move their assets out of that currency and into another currency that provides a higher yield. Personally I believe there is 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 recovery. The Swiss Franc is and always has been used as a safe haven currency and whilst the political uncertainty surrounding Article 50 continues we could see Sterling fall even further against the Swiss Franc. Earlier on today ‘Marmite-gate’ has been causing big problems for the UK food industry with Tesco having now removed various Unilever products from its internet site. The argument has occurred owing to the fall in GBPUSD exchange rates which have fallen to their lowest

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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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Sterling rises against the Swiss Franc as Remain vote looks to be the winner (Tom Holian)

Sterling rises against the Swiss Franc as Remain vote looks to be the winner (Tom Holian)

Sterling vs the Swiss Franc has increased recently as the speculation surrounding the Brexit vote has caused global investors to buy Sterling again as the Remain

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GBPCHF falls (Dayle Littlejohn)

GBPCHF falls (Dayle Littlejohn)

Yesterday we saw the Pound take a tumble due to latest polls suggesting the out campaign had nudged ahead of the in campaign. GBPCHF fell to

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