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Will GBPCHF improve towards the end of the year (Dayle Littlejohn)

Will GBPCHF improve towards the end of the year (Dayle Littlejohn)
July 05
08:30 2017

Yesterday Ian McCafferty one of the current eight voting members of the Monetary Policy Committee from the Bank of England, gave another hawkish press conference in relation to interest rates. The MPC member explained that the economy has not slowed as much as they first thought it would therefore he believe rates should be hiked to 0.5%.

The Bank of England have set a target of 2% for many years and currently inflation levels are 2.9%. The reason why inflation has increased by a substantial amount over the last 12 months is because the pound has been sold off by investors due to the risk surrounding Brexit which in turn has made goods and services more expensive.

In times on global uncertainty the swiss franc reaps the rewards as investment flies into the safe haven currency even though Banks charge their clients to hold there assets in the franc. This is one of the reasons why the franc has performed so well in recent years.

Looking further ahead if the Bank of England start to raise interest rates towards the end of the year you would expect the pound to start to strengthen against the swiss franc. With exchange rates so favourable at the moment for selling CHF to buy GBP many of my clients are taking advantage and I understand why.

If you are buying or selling CHF this year, I can give you economic information to help you time your transfer and can also offer you a better exchange rate than what you would receive with your bank and other brokerages.  My direct email is drl@currencies.co.uk Dayle Littlejohn. Alternatively call me Monday morning on 0044 1494 787 478 and ask to be put through to Dayle Littlejohn.

If you are already using a brokerage I recommend emailing me with the exact figures and I will give you our live price so you can make a comparison. This will take you 2 minutes but could save you a considerable amount of money.

 

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Dayle Littlejohn

Dayle Littlejohn

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