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 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 British manufacturing and Swiss unemployment both fall

There was a shortfall of data this week from both economies, however, although there was a lack of data the figures released did enough to have a negative impact. Kicking off the week we had British retails sales year on year which was estimated at 0.5%, however, these equalled previous figures of 0.2%. Many analysts … Read more GBP/CHF British manufacturing and Swiss unemployment both fall

GBP/CHF Swiss finance minister calls for new peg

GBP/CHF Swiss finance minister calls for new peg It was reported this week that Swiss Finance minister Eveline Widmer-Schlumpf commented that they should be considering a new minimum exchange rate. The report have done little to boost confidence with investors, since the SNB decision to remove the peg the consequences have plagued them since, with … Read more GBP/CHF Swiss finance minister calls for new peg

GBP/CHF – Pound continues its run against the franc

SNB peg removal has ongoing impact With a recent lack of news and data emerging from Switzerland, the franc has been on the back foot against the pound. However, given the comparative lack of data from the UK, the strength of the pound was down primarily to external influence. The franc continues to be plagued by … Read more GBP/CHF – Pound continues its run against the franc

UK mortgage approvals hit 17 month low

UK mortgage approvals hit 17 month low Happy New Year from everyone here at the Foremost Currency Group. As the New Year begins, volatility is still ever-present – here in the UK, the Bank of England released data which highlighted that mortgage approvals have hit a 17 month low. Combined with a low-than-expected 0.2% gain in … Read more UK mortgage approvals hit 17 month low