Category: CHF

Pound Rockets Against Turkish Lira (GBP/TRY), Higher Against Canadian Dollar and Swiss Franc (GBP/CAD, GBP/CHF)
Post

Pound Rockets Against Turkish Lira (GBP/TRY), Higher Against Canadian Dollar and Swiss Franc (GBP/CAD, GBP/CHF)

The Pound to Swiss Franc (GBP/CHF) and Sterling to Canadian Dollar (GBP/CAD) exchange rates have been trending higher in Tuesday’s trading, while the Pound has rocketed against the Turkish Lira (GBP/TRY). Canadian Dollar (CAD) Exchange Rate Reacts to Oil Prices and NAFTA Comments Yesterday, oil prices tracked lower and the Canadian Dollar followed, weakening against...

Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)
Post

Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)

The Pound exchange rate backed away from political instability on Tuesday, falling against the Canadian Dollar (GBP/CAD) and other currency majors such as the Swiss Franc (GBP/CHF) and Swedish Krona (GBP/SEK). Today an urgent question was asked in commons after news from the Electoral Commission showed that Vote Leave broke electoral law in it’s Brexit...

GBP/ZAR Falls on Ramaphosa’s Investment Bid and UK Wages, CHF Approaches 1.20
Post

GBP/ZAR Falls on Ramaphosa’s Investment Bid and UK Wages, CHF Approaches 1.20

Sterling’s luck seemed to run out as Tuesday’s European session continued, with the Pound falling against a host of other majors, including the South African Rand (GBP/ZAR). The British currency still managed to maintain some gains against the Swiss Franc (GBP/CHF).  The emerging market Rand has come under pressure of late, conceding ground to currencies such...

GBP/CHF Climbs, GBP/USD Flat, RUB/USD Reclaiming some Ground after Two-Year Low on Trump Tweet
Post

GBP/CHF Climbs, GBP/USD Flat, RUB/USD Reclaiming some Ground after Two-Year Low on Trump Tweet

The Pound was flat against the US Dollar (GBP/USD) on Thursday after a rally above 1.42 in Wednesday’s European trading, and climbed higher against safe-haven currency the Swiss Franc (GBP/CHF). Investors are awaiting key pieces of economic data which might impact how the Bank of England (BoE) determines its next monetary policy decision. Highly significant...

GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies
Post

GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies

The Pound exchange rate has begun the week above the 1.40 level against the US Dollar (GBP/USD), while climbing against the Swiss Franc (GBP/CHF) and Japanese Yen (GBP/JPY), recovering from weaker-than-forecast UK Retail Spending figures last Friday. The week ahead could see the Pound swing significantly on economic events, with the Bank of England (BoE)...

GBP/EUR, GBP/CHF Exchange Rates in Narrow Range After UK Inflation Fall; is Another Brexit Referendum Ahead?
Post

GBP/EUR, GBP/CHF Exchange Rates in Narrow Range After UK Inflation Fall; is Another Brexit Referendum Ahead?

The Pound began Tuesday’s European trading higher against the Euro (GBP/EUR) and Swiss Franc (GBP/CHF) exchange rates, but began to retrace some of its gains following the release of UK inflation data. As forecast by economists, UK inflation eased from 3.1% to 3.0% in December, relieving the Bank of England (BoE) from pressure to consider...

Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data
Post

Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data

The Pound managed to register gains against the Euro (GBP/EUR), Swiss Franc (GBP/CHF), and Australian Dollar (GBP/AUD) as a raft of disappointing economic data made its way onto the market. In Australia, investors weren’t inspired by Australia’s sizeable trade balance reading for November. Despite several months of trade surplusses, the November figure came in at...

GBP/CHF in Tight Range Following Labour Data, Swiss Government Says Franc ‘Highly Valued’
Post

GBP/CHF in Tight Range Following Labour Data, Swiss Government Says Franc ‘Highly Valued’

Wednesday afternoon’s European trading saw the Pound remain in a tight range against the ‘highly valued’ Swiss Franc (GBP/CHF), around 0.10% higher at 1.3036. The Swiss currency has been deemed ‘significantly overvalued’ for a number of years by the Swiss National Bank (SNB), but after falling against the Euro (CHF/EUR) recently, the central bank changed...

Pound Sterling (GBP) Jumps on UK Growth Estimates; Barnier Comments on Brexit
Post

Pound Sterling (GBP) Jumps on UK Growth Estimates; Barnier Comments on Brexit

The Pound exchange rate climbed on Friday after the UK’s growth estimate for the three months through October was upgraded from 0.4% to 0.5%, according to the National Institute of Economic and Social Research (NIESR). NIESR Head of UK Macroeconomic Forecasting Amit Kara, commented: ‘Although economic growth is likely to be stronger in the second...