Tag "swiss"

Swiss data slightly better than expectations as we near the end of the trading week

Swiss data slightly better than expectations as we near the end of the trading week

This morning saw the release of Swiss PMI (Purchasing Managers Index) data in early morning trading, which gave the Swiss Franc a slight lift against most major currencies. PMI data is a measure of business conditions in the manufacturing sector and any figure above 50 on the measure is seen as a positive. Expectations for the release this morning were for a figure of 64.0, however the actual release came out at 65.3 which is very good news for Swiss business and the Swiss Franc, following on from a period where it hand lost a little ground against some majors. We have very little left

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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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Is the Swiss Franc due to weaken or will it remain firm?

Is the Swiss Franc due to weaken or will it remain firm?

The Swiss Franc has been a fairly strong character in recent years, not only being a well known safer haven for investors but also due to the abandonment of the Swiss National Bank of their exchange rate cap against the Euro back in 2015. This move alone saw the Swiss Franc make gains of over 25% in an extremely short space of time against a number of major currencies, and although it has come back a little since then the currency has still remained fairly strong. Believe it or not, due to the SNB buying foreign assets to hold off the strength of the Swiss

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Euro gains on Swiss Franc as Swiss National Bank have a decision to make on rate cuts (Daniel Wright)

Euro gains on Swiss Franc as Swiss National Bank have a decision to make on rate cuts (Daniel Wright)

We have seen small gains made by the Euro against the Swiss Franc since the result of the first round of the Presidential elections in France, and indeed the Swiss Franc has generally weakened against most major currencies over the course of this week. The SNB (Swiss National Bank) have recently commented that they do have room to cut interest rates should they decide that they need to, which are currently sat at -0.75%. A lot now really depends on the next round of the French elections and should Marine Le Pen start to perform well and the Swiss Franc start to make gains once

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Swiss Franc starts to gain as global fears creep into the market (Daniel Wright)

Swiss Franc starts to gain as global fears creep into the market (Daniel Wright)

The Swiss Franc has made gains against most majors this week as concerns over the referendum in the U.K and a lack of a U.S interest

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Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

The Swiss Franc has been a funny character of late, remaining fairly close to the pivotal point of 1.40 against Sterling and holding ground against most

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“Brexit” Halts any Chance of Sterling Strength (Daniel Johnson)

“Brexit” Halts any Chance of Sterling Strength (Daniel Johnson)

The Pound has tumbled against the majority of major currency pairings today, a main factor in the fall is the news that TaTa Steel is selling

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Why Britain’s ‘Brexit’ Could Boost The Swiss Franc (Joseph Wright)

Why Britain’s ‘Brexit’ Could Boost The Swiss Franc (Joseph Wright)

Those holding Swiss Franc’s could benefit off the back of Britain’s political uncertainty this summer, as both market speculators as well as those looking to hedge

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