Tag "Swiss Franc"

GBP CHF Rates Under Pressure Before Theresa May Speech on Saturday

GBP CHF Rates Under Pressure Before Theresa May Speech on Saturday

The Swiss Franc has found continued support this week after the markets continue to monitor developments from the financial market volatility seen at the beginning of last week which saw US stock markets fall sharply. UK and Asian markets also saw sudden losses as the threat of higher inflation has already become of concern for future economic growth. Higher inflation around the world will squeeze incomes and this is likely to result in lower spending. The Swiss Franc has seen a rise in its value due to its safe haven status and normally performs well in times of global uncertainty. GBP CHF is currently sitting

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GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

The Pound has remained in a fairly tight range against the Swiss Franc as we begin the week with little economic data due out today. Tomorrow morning brings with it the latest UK inflation data for both month on month and year on year. Inflation has been a hot topic for the UK and as inflation has been much higher than the government’s target for a long time then the Bank of England had no choice but to increase interest rates towards the end of last year to bring interest rates back up to where they were pre-Brexit. With inflation continuing to remain high I

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GBP CHF Falls Below 1.30

GBP CHF Falls Below 1.30

The pound has fallen dramatically against the Swiss Franc with rates for GBP CHF falling to below 1.30 once again. The Swiss Franc has seen a surge in its value after this week’s financial market volatility which started on Monday. The stock market crash in the US which fell by 4.6% on Monday has created volatility for all of the major currencies as wee as global equities. The Swiss Franc which is a safe haven currency generally performs well when events like this happen. The fact that Asian markets fell further this morning would suggest that there is still a great deal of uncertainty and

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Bank of England to influence GBPCHF exchange rates

Bank of England to influence GBPCHF exchange rates

Tomorrow the monetary policy committee from the Bank of England will vote to decide the interest rate for the upcoming month. No change is expected from 0.5%, therefore I expect the actual decision to be a non event. However shortly after the event Governor of the Bank of England Mark Carney will deliver his monetary policy statement which will be followed by a question and answer session. Regular readers will be aware that speeches given by governors of central banks can have a major influence of exchange rates. In recent weeks the UK economy has been performing fairly well. Q4 2017 Gross domestic product numbers

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GBP CHF Weakness Amidst Brexit Negotiaions

GBP CHF Weakness Amidst Brexit Negotiaions

The pound has come under pressure against the Swiss Franc this week as Brexit discussions intensify. The EU lead negotiator Michel Barnier is in London today

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GBP CHF Slips Back from 1.33

GBP CHF Slips Back from 1.33

GBP CHF exchange rates have found support after what has been a steady week for the pound. Despite choppy trading the pound has been trying to

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GBP CHF Breaks Back Over 1.34

GBP CHF Breaks Back Over 1.34

GBP CHF rates have surged higher this week after what has been a uncertain start to 2018 for sterling exchange rates. GBP CHF has moved higher

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GBP CHF Slips after Softer UK Inflation Data

GBP CHF Slips after Softer UK Inflation Data

The pound has slipped against the Swiss Franc today after weaker UK inflation data fell slightly lower this morning which will be welcome news for the

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Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

The Pound is now once again trading just shy of the best rate to buy Swiss Francs since the Brexit vote held in June 2016 which

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GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?

GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?

The pound has risen against the Swiss Franc as we get closer to understanding just what Brexit means for the UK and global concerns ease, weakening the

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