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
Central bank still views Swiss franc as overvalued Speaking in Brussels on Tuesday, Swiss National Bank chairman, Thomas Jordan, announced that the Swiss franc was still significantly overvalued and that the bank would continue to be active in the forex market. After the SNB’s shock decision to scrap the euro peg, the franc appreciated within … Read more Reports emerge SNB continue to be active in the forex market
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 Remains Rangebound The GBP/CHF cross has moved little over the last few weeks as economic data has been thin on the ground, with market players awaiting the next big central bank move before committing to their next positions. The graph below shows GBP/CHF movement over the last seven days; the difference between the high … Read more Franc Moves Little After CPI Data – GBP/CHF
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 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