Foreign Currency Direct Foreign Currency Direct
Open an account

GBPCHF rates have hit a new 2 month high after climbing nearly 1% yesterday. Rates have now climbed nearly 3% in the last week and 5% over the last month. The Pound has generally been climbing recently as the Brexit negotiations continue and the consensus seems to be that the they will hold firm for a better deal, however against the CHF the movement in comparison to other currencies has been much higher. As a result of the CHF being a safe-haven asset, it appreciates in times of uncertainty, so with more Brexit certainty we have seen the Pound strengthen but also the CHF fall in value.  Current levels are sitting on the trend line established back in April meaning that if broken we could well see a further run higher for the pairing.

Currency Pair% Change in 1 monthDifference on £200,000
GBPCHF4.5%CHF 11,600
SNB manipulating the Francs value?

Economic forum driving direction

Currently in Davos the world economic forum is taking place for the remainder of the week. This is when the rich and powerful meet to discuss current market conditions and update forecasts of future growth. There has already been an undertone of concerns with regards to global slowdowns.

Global policy uncertainty is at a record high due to US-China trade war, Brexit and the on-going US Government shutdown, according to Deutsche Bank. Any of these could equally escalate and cause the CHF to bounce back strongly.

Trade data next week

The next data release domestically from Switzerland is trade data on Tuesday of next week. This is expected to show a contraction which could in turn weaken the CHF on the day. Having said that, the value of CHF is driven more by international events over domestic. Personally I see GBPCHF rates being driven more by Brexit negotiations and China talks.

Download our monthly currency forecast

Download here

News

Global risks strengthen CHF

Global risks strengthen CHF

Swiss Franc sees slight weakness as US China trade tariffs ease slightly. CHF enjoying highs against major currencies as global risk rises.

By Oliver Godwin
Switzerland central bank printing more money?

Switzerland central bank printing more money?

Swiss National Bank looks to control CHF value as demand from investors for the Swiss Franc increases.

By Steve Eakins
Swiss National Bank starts printing again

SNB starts printing again

Swiss National Bank starts printing again as it looks to weaken its currency.

By Steve Eakins
Read more articles

D. Hill

France

Yet again, a stress free, professional and secure service from FCD. I wanted the facility of moving funds easily from the UK to France on a regular basis and that’s exactly what I get from Steve Eakins and his team.

Read our testimonials

C. Sherrington

UK

Always easily reached and offer excellent and responsive service. Even though I have no knowledge in this area I felt supported and well assisted.

Read our testimonials

C. Tamboli

UK

Always a top service. Steve Eakins is always on the ball and keen to help.

Read our testimonials

B. Griffiths

The service was conducted very easily and quickly and Steve Eakins was a true professional.

Read our testimonials
Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.