Tag Archive: gbp-chf

Mark Carney Steadies GBP/CHF Rates on Global Viewpoint

The pound to Swiss franc exchange rate has been steadied following comments from Mark Carney during a briefing on the global economy at the Barbican centre in London yesterday. I was fortunate to be in attendance and was struck by Carney’s confident manner, although he highlighted some major risks ahead which would be key for GBP/CHF rates.

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GBPCHF rates hit near 3-month highs

The Pound to Swiss Franc exchange rate has soared dramatically following a series of revelations in the currency markets and global economy. A big factor is of course Sterling strength, which has arisen on the back of increased feelings that the UK will avoid a no-deal Brexit. This could manifest next week in a Parliamentary vote on whether or not to rule out a no-deal Brexit.

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GBP/CHF Forecast: Swiss Franc at Best Level against the Pound in over a year

Brexit uncertainty causes Swiss Franc to gain vs the Pound. The Pound is now trading at its lowest level to buy Swiss Francs in over twelve months as the political uncertainty surrounding the UK is continuing to negatively affect the value of Sterling exchange rates.

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GBP/CHF Forecast: Brexit Uncertainty Ahead Causing Movement for GBP/CHF

In today’s GBP/CHF forecast we look at why the Pound has been coming under a huge amount of pressure recently against the Swiss Franc. Those that have been following the currency markets will be aware that the pressure on GBP is largely owing to the uncertainty caused by the ongoing Brexit talks.

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FX Daily, May 23: Dollar and Yen Surge, European Data Disappoints

The US dollar has extended its gains against most of the major currencies. Momentum, positioning, and divergence continue to drive it. The euro briefly traded a little below $1.17, an important technical area and has enjoyed a bounce in late morning turnover in Europe.

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FX Daily, May 17: US Rates Edge Higher, while Dollar Turns Mixed

The Britsh pound was a cent from yesterday's lows on a press report that claimed the UK cabinet had agreed on seeking to stay in the customs union with the EU beyond the two-year transition period. The report suggested that the UK wanted to still negotiate other trade deals, which would seem to be a Trojan Horse.

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FX Daily, May 04: US Jobs-Not the Driver it Once Was

The US dollar fell last month in response to the disappointing non-farm payroll report. However, in general, the jobs report is not the market mover that it was in the past. With unemployment is at cyclical lows of 4.1% and poised to fall further. Weekly jobless claims and continuing claims at or near lows in a generation, though over qualification is more difficult than previously.

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FX Daily, April 27: Dollar Puts Finishing Touches on Best Week Since November 2016

The US dollar's recent gains have been extended, and it is having one of its best weeks since November 2016. The Dollar Index is up 1.7% for the week, as US session is about to start. Though it took this week's gains to change market's narrative, the fact of the matter, as we have pointed out is that April is the third consecutive month in which the Dollar Index fell in only one week. That translates into rising 10 of the past 13 weeks.

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FX Daily, April 25: Dollar Regains Luster, but Consolidation Likely Ahead of Key Events and Data

The US dollar reversed lower yesterday after US yields softened and equities tumbled. However, the greenback has bounced back, and has extended its gains against the major currencies except the euro and sterling. The on-the-run and generic US 10-year yields are edging above 3%.

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FX Daily, April 24: Stalled US Rates Steal Greenback’s Thunder

The US dollar looked set to launch a new leg higher, but rates stalled, which in turn is unleashing some mild corrective pressures. The US two-year yield has been unable to extend its increase beyond 2.50%, while the 10-year rate has stalled within a whisker of the 3% psychological threshold. The greenback's momentum did indeed carry it, but by late morning on the Continent, a consolidative tone was evident.

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FX Daily, January 24: Dollar Takes Another Leg Lower

North American session sold into the dollar's upticks and Asia followed suit, taking the greenback to new multi-year lows against the euro and sterling while pushing it below the JPY110 level for the first time since last September. US trade action has become latest element of the narrative the seeks to explain the dollar's slide and the decoupling of the greenback from interest rates.

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FX Daily, December 13: Greenback Quiet Ahead of Five Central Bank Meetings

The Federal Reserve gets the balling rolling today with the FOMC meeting, which is most likely to deliver the third hike of the year. Tomorrow, four European central banks meet: Norway, Switzerland, the UK, and the ECB. The MSCI Asia Pacific Index rose nearly 0.3%, though Japanese and Indian shares were lower. In Europe, the Down Jones Stoxx 600 is paring yesterday's gains (-0.2%) led by utilities and telecom. Consumer discretion and financials are...

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FX Daily, September 5: Greenback Mixed, North Korea and PMIs in Focus

Reports suggesting that North Korea is moving an ICBM missile toward launch pad in the western part of the country at night to minimize detection, while South Korea is escalating its military preparedness and the US seeks new sanctions, keep investors on edge. Risk assets are mixed. Gold is slightly lower. While the yen is stronger, the Swiss franc is heavier. Asia equities slipped, and European shares are recouping much of yesterday's 0.5% loss.

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FX Daily, August 22: Turn Around Tuesday Sees Firmer Dollar, Rates, and Equities

The US dollar has recouped most of yesterday's declines. However, as we have seen over the past couple of sessions, he North American market appears more dollar negative than Europe or Asia. The dollar's rise through the European morning has left the intraday technical indicators a bit stretched, warning that this short-term pattern continues today.

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FX Daily, July 12: Currencies Stabilize, but Yen Strengthens

The US dollar and sterling have stabilized after being sold off yesterday. The yen, which had begun recovering from a four-month low, is the strongest of the major currencies today, gaining around 0.5% against the dollar (@~JPY113.40).

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FX Daily, July 06: Stocks and Bonds Mostly Heavier, while Dollar Hovers Little Changed

The US dollar is narrowly mixed against the major currencies after being confined to tight ranges through the Asian session and European morning. Equities are nursing small losses, and interest rates are pushing higher. The yield on the 10-year German Bund reached 50 bp for the first time since early 2016. Oil prices have steadied after yesterday's slide.

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FX Daily, July 05: Dollar Firm as Investors Await Fresh Directional Cues

The US dollar is enjoying a firm tone today. Yesterday's two weakest major currencies, the Australian dollar and Swedish krona are the strongest currencies, but little changed on the session. After a strong rebound in the greenback to start the week, it mostly consolidated yesterday.

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FX Daily, June 28: Draghi’s Sparks Mini Taper Tantrum, Euro Chief Beneficiary

Sounding confident, ECB President Draghi seemed prepared to reduce the asset purchases, and this overshadowed his explicit recognition that substantial accommodation is still necessary. This is very much in line with what many, including ourselves, anticipate: At the September ECB meeting, an extension of the asset purchases into the first part of next year, coupled with a reduction in the amounts being purchased.

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FX Daily, June 23: Dollar Pares Gains Ahead of the Weekend

The US dollar is trading lower against all the major currencies today, which pares its earlier gains. The greenback is holding on to small gains for the week against most of them, except the New Zealand dollar, Swiss franc and Norwegian krone.

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FX Daily, May 31: Sterling Takes it On the Chin

Projections showing that the UK Tories could lose their outright majority in Parliament in next week's election spurred sterling sales, which snapped a two-day advance.  Polls at the end of last week showed a sharp narrowing of the contest, and this saw sterling shed 1.3% last Thursday and Friday. 

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