GBP/CHF — News Archive

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Sterling Weak as Britain Prepares for Lockdown

The Great Britain pound was soft today, though it managed to gain on the Swiss franc. The major source of the sterling’s weakness was the news that the country will enter a second lockdown this week.

Great Britain Pound Flat Despite Worrying Brexit News

The Great Britain pound was mostly flat today despite concerning Brexit news headlines. While the sterling was trading either near the opening level or slightly higher against most of its rivals, it fell versus the Canadian dollar.

Swiss Franc Mixed After Positive Revision of Economic Forecasts

The Swiss franc was mixed today following the release of an updated economic forecast from Switzerland’s government.

The Great Britain Pound Drops Despite Positive News Headlines

The Great Britain pound was extremely weak today, falling against all other major currencies, even the Australian and New Zealand dollars, which were recovering after the losses they have posted earlier this week. Analysts say, though, that the gains of the Australian and New Zealand currencies were just a result of a short-covering rally, which is not likely to last long. As for the sterling, it performed poorly this week, […]

SNB Keeps Monetary Policy Unchanged, Swiss Franc Weak

The Swiss National Bank made a monetary policy announcement today but markets paid little attention to it. Currently, the Swiss franc is the weakest currency on the Forex market, even losing its earlier gains versus the Australian and New Zealand dollars, which themselves were very weak. It looks like traders continue to prefer the US dollar as a refuge, ignoring other safe currencies, like the franc and the Japanese yen.

Analysts Remain Unconvinced by Sterling’s Rally

The Great Britain pound was the strongest currency on the Forex market today, rallying against other most-traded counterparts. But analysts were not convinced by the rally, arguing that it was a result of short-sellers taking profits, not supportive fundamentals. With not many fundamental factors supporting the currency and several high-profile events this week, specialists think that it is too risky to buy the sterling.

Pound Sinks as Threat of No-Deal Brexit Rises

The Great Britain pound fell against all other most-traded currencies today as the no-deal Brexit looks more and more likely. Better-than-expected housing data released in Britain on Monday did nothing to help the currency.

Great Britain Pound Firm Despite Falling Construction Index, Outlook for Monetary Easing

The Great Britain pound rose today despite the gloomy outlook and an unexpected drop in the construction index. While the sterling has lost its gains versus commodity currencies by now, it continued to trade above the opening level against other most-traded peers.

Franc Weak Despite Near-Record Jump of KOF Economic Barometer

The Swiss franc fell against almost all of the most-traded currencies today despite the near-record jump of the KOF Economic Barometer. The Swissie managed to gain only against the currencies that were weak themselves, like the US dollar, dragged down by yesterday’s speech of Federal Reserve Chairman Jerome Powell, and the Canadian dollar, which suffered from a sharp economic downturn in Canada.

Sterling Soft on Brexit Fears, Government Spending Plans

The Great Britain pound was extremely weak today, falling against all other most-traded currencies with the exception of safer ones, like the Japanese yen and Swiss franc (but not the US dollar, which outperformed the sterling). According to market analysts, the main reasons for the drop were Brexit fears and concerns about government spending plans.

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