Tag "Tom Holian"

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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Where next for the Swiss Franc? (Tom Holian)

Where next for the Swiss Franc? (Tom Holian)

Sterling vs the Swiss Franc has once again fallen during today’s trading session as the Pound has had another appalling day against all major currencies. The Pound has fallen the most against the Swiss Franc as the Brexit woes continue to weigh heavily on the Pound. The uncertainty caused by what is happening in North Korea has also helped to strengthen the Swiss Franc as often when we see geopolitical uncertainty this helped to strengthen the Swiss Franc vs the Pound. Tomorrow morning the Eurozone announces the latest set of Services PMI as well as Retail Sales. Clearly Switzerland is not part of the Eurozone

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Could the Pound fall lower against the Swiss Franc? (Tom Holian)

Could the Pound fall lower against the Swiss Franc? (Tom Holian)

The fears caused by the Brexit vote continue to negatively affect Sterling exchange rates across the board. Indeed, this is no more evident than against the Swiss Franc which has continued to strengthen recently against the Pound. The global geopolitical uncertainty is also rising with the threats of missile launches by North Korea and how the world will react. The Swiss Franc if often used as a safe haven currency and at the moment this is another reason for the continued strength against the Pound and I can’t see this changing in the short term. We saw lower rates last year for GBPCHF rates but

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Will the Pound fall following Wednesday’s GDP data? (Tom Holian)

Will the Pound fall following Wednesday’s GDP data? (Tom Holian)

The currency markets appear to have started to lose faith in Sterling recently as the Pound continues to struggle against the Swiss Franc. Politically the UK is still very unstable and in the weeks since the beginning of the Brexit talks they don’t appear to have gone very well so far. Indeed, Sterling is still very low against the Swiss Franc and the next potential for exchange rate movement will come on Wednesday morning when the UK releases its latest set of GDP data for the second quarter. I personally think this could cause a problem for the Pound as this quarter includes the beginning

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Pound falls against the Swiss Franc after MPC member comments (Tom Holian)

Pound falls against the Swiss Franc after MPC member comments (Tom Holian)

The Pound has fallen vs the Swiss Franc after two of the members of the Monetary Policy Committee spoke yesterday. Ben Broadbent has stated that he’s

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How was the election affected the Pound vs the Swiss Franc? (Tom Holian)

How was the election affected the Pound vs the Swiss Franc? (Tom Holian)

The Pound to Swiss Franc exchange rate has continued to fall over the last few days when initial exit polls came out on election night which

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Further Swiss Franc strength ahead? (Tom Holian)

Further Swiss Franc strength ahead? (Tom Holian)

The Pound was recently testing levels of almost 1.30 to buy Swiss Francs which was the best rate to buy Swiss Francs with Pounds in months.

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Pound breaks past 1.30 vs the Swiss Franc (Tom Holian)

Pound breaks past 1.30 vs the Swiss Franc (Tom Holian)

The Pound has made gains vs the Swiss Franc over the last few days with the Pound now having broken past 1.30 on the Interbank level.

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Pound rises against the Swiss Franc to 1 month high (Tom Holian)

Pound rises against the Swiss Franc to 1 month high (Tom Holian)

The Pound has made gains vs the Swiss Franc recently and this has seen the Pound hit its highest level in a month following the uncertainty

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How will Article 50 impact Swiss Franc against Sterling? (Tom Holian)

How will Article 50 impact Swiss Franc against Sterling? (Tom Holian)

With just a few days to go before Article 50 is triggered the currency markets are waiting with baited breath for what may happen to the

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