Swiss franc slides against majors

With the continued back and forth between Greece and its creditors the underlying uncertainty has helped intensify demand for the Swiss franc. However, the continued appreciation of the franc has not been welcome news to the SNB. They have continued to fight the appreciation since deciding to remove the peg against the euro and have … Read more Swiss franc slides against majors

SNB hold rates amid Greek uncertainty

  SNB hold rates amid Greek uncertainty The Swiss National Bank maintained their policy of negative interest rates at Thursday’s rate setting session. A major concern for the SNB has been the continued uncertainty surrounding the Greek debt situation. As tensions heighten and deadline days approach the demand for franc denominated assets have increased, strengthening … Read more SNB hold rates amid Greek uncertainty

A week of PMI data for GBP/CHF

A week of PMI data for GBP/CHF The UK was the main driver this week between the two economies with the Swiss economy fairly thin on the ground in terms of data releases. We had construction, services and manufacturing PMI from the UK, with only construction improving on forecasts posting a revised figure of 55.9. … Read more A week of PMI data for GBP/CHF

Pound rallies against the franc and counterparts

Pound rallies against the franc and counterparts Fresh data out of the UK has set the pound on a rally against a number of its counterparts including the Swiss franc this week. Kicking the week off CPI figures from the UK turned negative for the first time since March 1960. A shock too many but … Read more Pound rallies against the franc and counterparts

UK election strengthens pound

UK election strengthens pound As all signs pointed towards a hung parliament leading up to last week’s general election, the public and media were shocked when exit polls pointed to an overall Conservative majority. The markets reacted accordingly with the pound strengthening against a number of its counterparts, and rose to a three week high … Read more UK election strengthens pound

UK goes to the polls and Swiss franc trumps counterparts

UK goes to the polls and Swiss franc trumps counterparts Here in the UK polls opened at 7 o clock this morning for the 2015 UK General Election, in which reporters are calling the closest election for over a century. Various polling agencies have pointed to a hung parliament after stations close tonight. Therefore, following … Read more UK goes to the polls and Swiss franc trumps counterparts

Swiss National Bank reports 30 billion loss

Swiss National Bank reports 30 billion loss The Swiss central bank reported its biggest quarterly loss on record yesterday of 30 billion, this hole in the SNB books has been attributed to the recent appreciation in the franc. The SNB is still reeling from its decision to remove a three and half year peg against … Read more Swiss National Bank reports 30 billion loss

GBP/CHF SNB maintain ‘overvalued’ stance

GBP/CHF SNB maintain ‘overvalued’ stance The pound has been subjected to a volatile week whilst the franc and SNB continue to maintain their stance that their currency is overvalued. Over the course of the last two weeks the pound has gone from a high of 1.4206 against the euro and 1.5138 against the franc respectively … Read more GBP/CHF SNB maintain ‘overvalued’ stance

GBP/CHF Swiss national bank maintains current low interest rate

GBP/CHF Swiss national bank maintains current low interest rate Yesterday saw the release of the latest ZEW business confidence index which improved on the previous reading to -37.9, signalling a sense of optimism surrounding the Swiss economy after their huge decision in January to remove the peg. However, there has still been pressure on the … Read more GBP/CHF Swiss national bank maintains current low interest rate