Tag "Swiss Franc exchange rates"

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 the US and North Korea are an obvious reason why there has been a flight to the safety of the Swiss Franc. The Franc could also see additional gains this weekend if there are any developments on the Korean peninsula. This Saturday is Foundation Day which is one of the most important days in the North Korean calendar. There is every chance that Kin Jong Un may look to demonstrate his nuclear capabilities especially after last week’s nuclear test.

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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 the Swiss Franc has actually gained 3 cents since the month started, with many traders wondering whether the rate can drop back down to it’s lowest levels so far this year in the early 1.20’s. The Pound isn’t being helped by the fears surrounding the poor start to the Brexit negotiations which are likely to be an influencing factor for some time. Now that hopes of an interest rate hike in the UK have dwindled many investors are hoping

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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 slightly downbeat largely as a result of concerns over the British economy. After the Bank of England held interest rates last Thursday and reduced the economic growth outlook the pound has remained on the back foot against all of the major currencies including the Swiss Franc. The uncertainty over Brexit, the political changes we have seen since the UK election and the prospect of a slowdown in consumer spending are all starting to become of concern for the British

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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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GBP CHF Ahead of Bank of England Meeting (James Lovick)

GBP CHF Ahead of Bank of England Meeting (James Lovick)

The pound has seen a small rally against the Swiss Franc with rates trading at just below 1.28 for the GBP CHF pair creating some better

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Will GBPCHF rise back above 1.25?

Will GBPCHF rise back above 1.25?

If you are looking to buy Swiss Francs with the pound the coming weeks could prove very interesting to see just how sterling to Franc rates

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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.

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Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

Sterling stabilises for now, but will the election create further spikes for GBP/CHF this week? (Joseph Wright)

The Pound has steadied this afternoon after opening the weeks trading session under pressure. The currency got off to a bad start after another terrorist attack,

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Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

Will the Swiss Franc suffer now that the first round of voting in the French election is over? (Joseph Wright)

The Swiss Franc is in low demand today after the financial markets breathed a sigh of relief. Irrespective or our readers personal beliefs the markets were

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Swiss Franc Uncertainty on Syria Developments (James Lovick)

Swiss Franc Uncertainty on Syria Developments (James Lovick)

The Swiss Franc could be in for a particularly volatile with the recent developments in Syria and now North Korea. Both the Swiss Franc and US

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