GBPCHF rates have been climbing recently as global uncertainty subsides. It was only last week that the GBPCHF rate reached its highest level seen since November. This was as a result of the UK Government suggesting that a no deal Brexit was not an option, giving the pound strength, and China-US trade talks improved resulting less global risk. Generally, the CHF is seen as a safe haven currency resulting in its value climbing in times of global uncertainty and tension and falling in times of calm. 

Currency Pair% Change in 1 monthDifference on £200,000
GBPCHF3.3%CHF 8,500

Domestic news within Switzerland has also been showing signs of improvements recently which is why GBPCHF has fallen this week. Production Price data showed a positive figure this morning along with one of the largest banks based in Switzerland, Credit Suisse, swinging back to profit for the first time since 2014.

Moving forward however, this pairing is very much open to significant movements is China-US trade talks are delayed as recently suggested by President Trump, along with more pressure in Venezuela building.

Swiss demand falls further

7 day forecast for GBPCHF

On Tuesday, trade balance and export and import figures are released. These are expected to show a sharp increase in exports for the festive period of fine chocolates and watches which will likely make the CHF more expensive to buy. Industrial data is released on Wednesday of next week which has also been improving, especially after the recent progress on trade talks between Switzerland and the EU. Saying that however, domestic data within Switzerland is normally easily overshadowed with global events as a safe haven currency, so watch out for updates on the US Government budget deal next week along with Brexit updates over the coming weeks as this are likely to have a large impact on the value of buying CHF with GBP.

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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.