Switzerland News

<h2>Pound (GBP) Slides as PM Refuses to Compromise With EU Over Brexit</h2> Sterling (GBP) suffered losses on Friday as this week’s disappointing data due to the coronavirus crisis and Brexit fears weighed on the currency. Sentiment was left dampened after Boris Johnson’s government reiterated its refusal to extend the current Brexit transition period beyond December. Added to this, the government said it was not keen on compromising with the European Union on trade negotiations, which dragged GBP lower. According...

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) traded negatively against many of its peers today as no-deal Brexit fears continued to weigh on market appetite for Sterling. Markets have always remained cautious due to the spread of the coronavirus, leaving investment in the Pound markedly subdued today. Analyst at MUFG commented: ‘While country-by-country tallies of COVID-19 shows an un-alarming total of 15 in the UK, its near 5% current account deficit means a tightening of financial market conditions leaves...

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) plummeted against many of its peers today after Downing Street announced that it could walk away from UK-EU trade talks as early as June. As a result, Sterling has suffered from investors fearing a no-deal scenario between the UK and the EU by the end of the transition period, which terminates in late December this year. Frances O’Grady, the TUC General Secretary, commented: ‘A good deal with the EU should be this government’s priority. But instead Boris Johnson is...

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell against many of its peers today as post-Brexit trade talks between the UK and the EU continue to come under strain. This follows comments by Michel Barnier, the European Union’s Chief Brexit negotiator, who said that he expects trade talks to be ‘very difficult’. Sterling continues to sink on heightened fears of the UK leaving the EU without a deal at the end of the Brexit transition period later on this year. <h2>US Dollar (USD)</h2> The US Dollar...

EUR-CHF Exchange Rate Fares Well in spite of Eurozone Results Coming up Sour On a day that has provided little cause for clear celebration among investors in the Euro, the common currency has managed to hold its ground, rising against the Swiss Franc to the rate of 1.0935 today. While the Franc has been damaged in its valuation by the price of gold once again diving after a period of sustained increase, the Euro has contributed more than enough to its side of the pairing to generate a significant lead against the Swiss Franc. By all...

Pound Sterling On Monday the UK’s Rightmove House Price report showed a 1.6% month-on-month increase in April, up from the 1.0% gain recorded the previous month. On the year, price growth eased from 5.4% to 4.7%, but the data had little impact on the Pound. Sterling managed to advance on the Euro following the release of Germany’s Producer Price Index and the Eurozone’s Construction Output report. Euro After the level of construction output in the Eurozone was shown to have fallen by -3.7% on the year in February rather...

Pound Sterling (GBP) Exchange Rate Strengthens on Domestic Data After British house prices rose in January, the Pound strengthened versus the majority of its most traded currency rivals. The appreciation has been somewhat laboured, however, with the general election fast-approaching. Euro (EUR) Exchange Rate Advances on Pared QE Bets With traders having priced-in a considerable quantitative easing programme from the European Central Bank, speculation that the German opposition will result in a diluted opening figure caused the...

Pound Sterling The Pound maintained a bullish relationship with the Euro on Friday as demand for the common currency remained weak in the face of the Swiss National Bank’s controversial decision to remove its currency cap. Sterling could strengthen next week if the UK’s employment report prints positively. US Dollar Before the UK’s inflation and confidence reports were published the US Dollar was trading in a narrow range against peers like the Pound and Australian Dollar. If the CPI data shows a slowing in consumer price...

Pound Sterling As the European session began, Britain’s soft house price data and concerns relating to the upcoming UK general election pushed the Pound lower against its peers. The GBP/EUR exchange rate, however, was able to surge to 1.31 following a shocking policy decision from the Swiss National Bank. US Dollar The US Dollar experienced a volatile trading session as markets were thrown for a loop by the SNB’s announcement regarding removing the cap on the Euro to Swiss Franc exchange rate. ‘Greenback’ fluctuations also...

Pound Sterling A stronger-than-expected UK Manufacturing PMI helped the Pound advance on several of its most traded currency counterparts. The British asset climbed against both the Euro and US Dollar over the course of the European session, with the GBP/EUR exchange rate achieving 1.26 and the GBP/USD exchange rate rising above 1.57. Tomorrow’s UK construction report could give the Pound further support if it also surprises to the upside. US Dollar Before the US ISM and Markit Manufacturing PMI’s were published, the US Dollar...