Tom Holian

Tom Holian

Tom Holian is Dealing Director at Foreign Currency Direct plc. and publishes FX comments on http://www.swissfrancforecast.com/

Articles by Tom Holian

Swiss Franc at 5 month highs vs the Pound

Tory leadership debate does little to help the pound. Sterling has remained under a lot of pressure against a number of currencies including vs the Swiss franc. The Tory leadership race is now down to 5 candidates after former Brexit secretary Dominic Raab only managed to get 30 votes. This was short of the required 33 to progress to the next round.

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Pound hits best rate to buy Swiss francs in 6 weeks

The pound is now trading close to a 6 week high to against the Swiss franc which has come as welcome news to the Swiss central bank. Swiss policy makers appear to favour a weaker currency as they aim to control low inflation. Inflation in Switzerland has remained below 1% for quite a while even though interest rates have remained in a negative territory.

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Pound falls against the Swiss franc owing to third meaningful vote uncertainty

The pound has once again felt the impact of the uncertainty caused by Brexit and the pound has fallen against the Swiss franc during yesterday afternoon’s trading session. We are now just over a week away from when the UK is due to leave the European Union and the latest update is that the EU will allow an extension until the end of June if Theresa May can get her deal backed in the next few days.

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Brexit vote to dominate Pound to Swiss Franc exchange rates

Pound to Swiss Franc exchange rates. The value of the Pound against the Swiss Franc has remained in a fairly tight range since the start of the year. However, in the last couple of days the Pound has made some small gains after the Swiss National Bank confirmed that their currency reserves have dropped slightly.

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