Tag "Theresa May"

Sterling Under Pressure – SNB Keep Interest Rates Unchanged (Matthew Vassallo)

Sterling Under Pressure – SNB Keep Interest Rates Unchanged (Matthew Vassallo)

The Pound has found life tough going over the past week, as the markets continue to digest the surprising results of last week’s general election. The CHF has made strides against Sterling, in the most part, due to the political vacuum left by the current hung parliament. However, with a deal now set ahead of the Queens speech next Wednesday, could we about to see Sterling start to recover some of its recent losses? Personally, I am not anticipating a major upturn for Sterling, even with a deal now seemingly in place. UK Prime Minister Theresa May was hoping for a strong majority to enter

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GBPCHF breaks the 1.30 but quickly falls back!

GBPCHF breaks the 1.30 but quickly falls back!

The pound to Swiss Franc rate has broken 1.30 this week as sterling has risen and investors confidence over the outlook for politics in the Eurozone increased. The election of Emmanuel Macron has removed the uncertainty over the increase in Europe of right-wing parties which could have threatened the government. The overall belief is that we are in a much better position for the Swiss Franc as confidence increases over the global The market is now looking towards the French regional elections in June as trigger points to further volatility on safe haven currencies like the Swiss Franc. The Franc as a safe haven currency

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Brexit Outcome Likely to Shape GBP/CHF Exchange Rates (Matthew Vassallo)

Brexit Outcome Likely to Shape GBP/CHF Exchange Rates (Matthew Vassallo)

GBP/CHF rates have remained fairly static over the past month, despite the Pound touching a high of 1.26 during today’s trading. The current levels seem to be providing the CHF with ample protection and a move towards 1.30 looks unlikely in the short-term. Sterling has made a positive move against most of the other major currencies of late, although this morning’s poor UK Inflation data has halted that momentum for the time being. However, it has not made a similar impact against the CHF and this is likely due to the CHF’s status as a ‘safe haven’ currency. This means in times of global uncertainty

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GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF rates have fallen over the past few days, with the pair now trading under 1.25 again. The Pound’s run came to an abrupt halt yesterday following comments made by a senior EU negotiator and former Belgium Prime Minister, Guy Verhofstadt. He stated that any decision regarding a future deal with the UK would have to be ratified through European Parliament and as such the UK was unlikely to get the deal it wanted following the triggering of Article 50. This immediately sapped investor confidence in the UK economy and the Pound lost value as a result. GBP/CHF rates fell to 1.2352 at today’s low,

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Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling has made inroads against the CHF  following this morning’s Supreme Court ruling, regarding the triggering of Article 50. This morning decision was being monitored from

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Sterling on the Ropes Following Theresa May’s Comments! (Matthew Vassallo)

Sterling on the Ropes Following Theresa May’s Comments! (Matthew Vassallo)

Sterling is on the ropes following Brexit comments made by UK Prime Minister Theresa May over the weekend. It’s been a tough day’s trading for any

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GBP/CHF Rates Fall as Brexit Timetable is Confirmed (Matthew Vassallo)

GBP/CHF Rates Fall as Brexit Timetable is Confirmed (Matthew Vassallo)

GBP/CHF rates have fallen slightly this week with the pair now trading around 1.2750, having started the week above 1.29 on the exchange. Sterling has come

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UK Retail Sales Figures to Impact GBP/CHF Exchange Rates (Matthew Vassallo)

UK Retail Sales Figures to Impact GBP/CHF Exchange Rates (Matthew Vassallo)

UK Retail Sales figures are released this morning at 09.30 and could have an impact GBP/CHF exchange rates. The Pound has gained ground against the CHF

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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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