Tag "Swiss Franc exchange rates"

GBP CHF Breaks over 1.31 Before SNB Speech

GBP CHF Breaks over 1.31 Before SNB Speech

The Swiss Franc has seen a notice able weakening against a number of the currencies including sterling. GBP CHF is now trading above 1.31 for this pair. The recent interest rate hike from the Bank of England appears to be having a positive impact on the pound now that the dip from last Thursday appears to be forgotten about when sterling took a nose dive immediately following the Bank of England’s decision. Clients looking to buy Swiss Francs are seeing some of the best opportunities to buy since the Brexit vote although rates will likely struggle to climb too much higher beyond these levels. The

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Swissie holds longer term value for GBPCHF exchanges

Swissie holds longer term value for GBPCHF exchanges

The Swiss Franc remains strong against sterling, partly in response to the Austrian elections which have seen more far right, populist parties take share away from more conservative parties. The Franc is also strong as global uncertainties remain over North Korea and whilst sterling has fought back some ground lately, the longer term prospect for the pound remain worse than the Francs. With interest rates in the Eurozone remaining negative it is expected as the European Central Bank (ECB) look to taper their QE program and longer term raise their base rate, the Swiss Franc will too rise with it. Overall there is a belief

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EUR CHF Exchange Rates Could See Volatility after EU Speeches on Thursday

EUR CHF Exchange Rates Could See Volatility after EU Speeches on Thursday

The Swiss Franc could see a volatile day against the Euro on Thursday with a host of European data and speeches. Industrial production numbers should set the tone although it will be the four European Central Bank (ECB) speakers which are likely to create volatility for EUR CHF. ECB President Mario Draghi and members Praet, Coeure and Lautenschlager will all be speaking and the markets will be closely monitoring for any clues offered as to when tapering of its asset purchasing scheme will commence. The Euro is also likely to be in for a volatile few days after Catalonia has declared independence but also suspended

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GBP CHF Pushes Towards 1.30

GBP CHF Pushes Towards 1.30

The Swiss Franc remains in a strong position as global uncertainty both economically and politically continue to help support the currency. The threat of a nuclear conflict in North Korea after a recent escalation of tension between the US and North Korea has helped support the Swiss Franc as investment flows to the safety of the Swiss Franc. Meanwhile the global economic uncertainty despite a marked turnaround in the Eurozone is also helping the Franc. Swiss Consumer Price Index inflation data released tomorrow is likely to create some volatility for the safe haven currency. Expectation is for a small pick up to 0.2% in September

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Will GBPCHF rise or fall in October?

Will GBPCHF rise or fall in October?

The GBPCHF rate has been rising steadily as the pound strengthens and the Euro weakens too, which loosely influences the Franc. The Franc has relatively speaking

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Swiss Franc Exchange Rates Could see Gains on North Korea Escalation

Swiss Franc Exchange Rates Could see Gains on North Korea Escalation

The Swiss Franc could see an interesting period ahead considering the further escalation of tensions between the US and North Korea. US bombers flew into North

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Swiss Franc before Foundation Day in North Korea

Swiss Franc before Foundation Day in North Korea

The Swiss Franc is in a very strong position at the moment as global uncertainties continue to help drive the Franc higher. The heightened tensions between

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Will the Pound continue to fall versus the Swiss Franc? (Joseph Wright)

Will the Pound continue to fall versus the Swiss Franc? (Joseph Wright)

Since August begun the appetite for risk has lessened within global financial markets, and this has unsurprisingly resulted in CHF strength. When compared with the Pound

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GBP CHF Falls on Weaker UK Growth Outlook

GBP CHF Falls on Weaker UK Growth Outlook

The pound has fallen against the Swiss Franc today with rates sitting at 1.2650 for the GBP CHF pair. The mood in the UK has turned

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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

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