Tag "Theresa May"

CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

CHF Forecast – Swiss Economy Showing Continued Signs of Strength (Matthew Vassallo)

The Swiss economy strengthened during the first quarter of 2018, with Gross Domestic Product (GDP) growing by 2.2%. This is the first time their economic output had surpassed 2% since 2016, with a surge in investment and solid trade relationships helping to propel the Swiss economy forward. The CHF has styed solid throughout and continues to remain a safe haven for investors, despite the Swiss National bank (SNB) trying to keep the CHF’s value in check. GBP/CHF rates continue to float above 1.32 level, with the CHF gaining plenty of support over the past month. The pair have fallen by almost 4 cents from the

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GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

GBP/CHF has a busy day as 1.30 fails to act as a resistance, will GBP/CHF continue to climb? (Joseph Wright)

Sterling has performed well today against all major currency pairs, with its performance against the Swiss Franc being one of the stand out performers. In this morning’s trading session the Pound received a boost after it emerged that the UK’s services sector is in good health after the PMI figures hit 54.5 in February which is a lot better than the 53.3 expectations. On Friday the UK’s Prime Minister, Theresa May gave a Brexit related speech which has failed to stimulate the markets as the pound remained relatively unchanged. I think that those of our readers monitoring rates should be aware that Brexit related news

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Could the upward trend for the Pound continue through 2018? (Joseph Wright)

Could the upward trend for the Pound continue through 2018? (Joseph Wright)

Those following the Pound to Swiss Franc exchange rate will be aware that the Pound has been climbing for a some time now. I think that after such a steep drop due to the shock of the Brexit vote 18-months ago the Pound was bound to recover eventually providing that the economy remains resilient and that’s what we’re seeing at the moment. Sterling has been recovering against most major currency pairs recently with the headlines covering the GBP to USD rate and how the pair are trading at an 18-month high. Sterling is benefiting from improved sentiment as the economy has shown some improvements and

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Pound hits best level to buy Swiss Francs since May (Tom Holian)

Pound hits best level to buy Swiss Francs since May (Tom Holian)

The Pound has hit its best rate to buy Swiss Francs since May after the Bank of England mentioned that they may be gearing up for an interest rate hike sooner than the market expects. During the announcement the Bank of England spoke about stronger than expected UK economic growth and combined with rising inflation as well as the strongest UK unemployment figures in over 30 years the ingredients could influence an interest rate hike in the next few months. At the end of next week on Friday Prime Minister Theresa May will be speaking in Florence to announce her plan for a post-Brexit Britain in

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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

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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

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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

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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

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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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