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Will North Korea break out in war! Will GBPCHF settle above or below 1.30?

Will North Korea break out in war! Will GBPCHF settle above or below 1.30?
September 25
17:07 2017

As North Korean tensions escalate the Swiss Franc has strengthened as Trump has been accused of declaring war on North Korea. Ri Yong Ho is the North Korean foreign minister and this is what he has claimed, the Swiss Franc has strengthened on the back of this uncertainty. If you need to buy Francs with pounds this is the type of news to be aware can have a great influence on the rates. However I would not be surprised to see it die down once again, GBPCHF could be in for a volatile week however.

The pound has risen against the Franc and this is presenting a much improved opportunity that may not last for too long. Overall there is a belief that in the future the pound will struggle again and for this reason I would suggest that clients looking to buy Francs with pounds capitalise on these improvements. We might actually see some better levels this week if the pound rises on the GDP (Gross Domestic Product) data but actually the pound could easily in my opinion lose value.

The pound has risen against the Franc on interest rate expectations but these international concerns could easily tip the scales further in a different direction. If you need to buy or sell the Franc making plans in advance is wise, for more information at no cost or obligation please speak to me Jonathan Watson by emailing jmw@currencies.co.uk.

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Jonathan Watson

Jonathan Watson

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