Category: CHF

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