GBPCHF volatility

During September we witnessed an unusual amount of volatility on GBPCHF due to a number of reasons. The Scottish referendum played its role, sparking wide swings. GBPCHF traded between 1.4900 and 1.5500, which is over a 4% move! With the rate starting to consolidate and heading down towards 1.5300, CHF buyers, if they haven’t already, … Read more GBPCHF volatility

CHF still stong amid global uncertainty

In times of global economic turmoil funds flood into the relative safety of stable currencies like the USD, CHF and YEN. With instability in the Middle East continuing, the CHF has continued to strengthen against the pound. Technical levels for GBPCHF remain at 1.5000 support and resistance at 1.5400. When the US bombing campaign in … Read more CHF still stong amid global uncertainty

GBPCHF dips slightly

GBPCHF dips slightly GBPCHF has remained fairly range bound this week with rates dropping to the bottom of the current trading range after worse than expected UK data stumbled the pounds run of good form. The SNB (Swiss National Bank) still has in place a ceiling to prevent the Swiss Franc strengthening uncontrollably with the … Read more GBPCHF dips slightly

“GBP is up, but gains stall against CHF as BOE minutes dampen idea of interest rate hike”

GBPCHF is traditionally a low volatility currency pair, as GBP is relatively stable and the CHF is sought for its relative safety by investors due to its influx of wealth individuals looking to safe guard their funds. Recently the Pound has been strengthening against all majors for the reasons highlighted below. There has been speculation … Read more “GBP is up, but gains stall against CHF as BOE minutes dampen idea of interest rate hike”

GBPCHF tests resistance at 1.5250 but fails to breach key level

Over the last couple of weeks GBPCHF has been pulled from pillar to post off of the back of a variety of data release from both the UK and Switzerland.   The big movers and shakers over the last few weeks have been Mark Carney, hinting at a potential UK interest rate rise earlier than … Read more GBPCHF tests resistance at 1.5250 but fails to breach key level

GBPCHF spikes but fails to close above key level

The graph below shows the excahge rate movement of GBPCHF over the last 7 days. Pound Swiss Franc has remained rangebound recently but recent key data releases have resulted in spikes. As explained in last week’s blog post, GBPCHF has been range bound for some time between 1.4950 and 1.5050. I expressed caution regarding the … Read more GBPCHF spikes but fails to close above key level

GBP/CHF Touches 1.51

Sterling Strengthens After Retail Sales Data   GBP/CHF rates touched the 1.51 mark on Wednesday after better retail sales data from the UK pushed the pound up to fresh highs against the franc, euro and other major currencies. Sterling has been on a strong run of late as better economic data suggests the UK economy … Read more GBP/CHF Touches 1.51

GBP/CHF Pushes 1.50 After ECB Announcement

Franc Weakens with Euro After Draghi Speech The Swiss franc has weakened somewhat over the last few days as comments from the president of the European Central Bank, Mario Draghi, weakened the single currency, dragging the franc down with it. GBP/CHF has subsequently risen to just under 1.50, losing around a percent following the announcement. … Read more GBP/CHF Pushes 1.50 After ECB Announcement

GBP/CHF Rises After Better UK Unemployment Data

Sterling Strengthens as UK Unemployment Drops Below 7% The pound has gained strength across the board this morning as the Office for National Statistics revealed on Wednesday morning that unemployment in the Uk had dropped to a five-year low. As a result, sterling gained around 0.3% against the swiss unit on Wednesday morning. The graph … Read more GBP/CHF Rises After Better UK Unemployment Data

GBP/CHF Remains Rangebound

GBP/CHF has been trading within a fairly narrow range over the last few days with little data from either currency zone. If anything, the Swiss unit has strengthened slightly against sterling after Switzerland released better retail sales and unemployment data. The graph below shows GBP/CHF movement over the last week. The release of Swiss retail … Read more GBP/CHF Remains Rangebound