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Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)
February 28
15:11 2018

The Pound has continued to remain above 1.30 on the Interbank level at the time of writing even though Sterling has started to drop off from its recent strong levels against the Swiss Franc.

Sterling exchange rates have remained in a relatively tight range during the course of this week as it appears as though investors are adopting a ‘wait and see’ approach’ when it comes to seeing what Prime Minister Theresa May will say at her speech on Friday.

May will be outlining the UK’s vision for the transitional period which will take place between March 2019 and December 2020.

Following a meeting with 11 MPs last week at Chequers I think if the tone of the speech is positive this could see the Pound making further gains against all major currencies including vs the Swiss Franc.

The US Federal Reserve are also next month more than likely raising interest rates and this is likely to encourage more global investment coming in to the US and I think this is another reason why we could see the CHF weakening.

The Bank of England have also hinted that an interest rate hike may be coming in May and another reason why I think GBPCHF exchange rates could be upwards in the short to medium term.

If you would like to free quote when buying or selling Swiss Francs and would like to save money on exchange rates compared to using your own bank then contact me directly. Having worked in the foreign exchange industry for one of the UK’s leading currency brokers since 2003 I am confident of being able to save you money and help you with the timing of your transfer.

Feel free to email me directly with a brief description of your requirement and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk

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Tom Holian

Tom Holian

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