Pound Swiss Franc forecast - GBP CHF

The US Dollar started off the day on the front foot, sending the GBP USD exchange rate downwards towards the 1.5700 level. However, support for the Greenback has ebbed as the session progressed, as North American stocks broke into positive territory, thanks to the positive effect of Facebook’s IPO. Sterling also performed respectably on the...

The POUND STERLING has put in a meek showing in the currency markets today, following the release of a disappointing PMI Manufacturing survey for April, which came in below expectations. If tonight’s Halifax House Price survey confirms that that this key sector of the UK economy remains in the doldrums, then Sterling could come under...

The Western World was on go-slow mode for four days over the weekend, thanks to Easter celebrations, and this made for some interesting market movements when traders in London, Frankfurt, Paris, Sydney and New York returned to their desks at the start of yesterday’s session. Several vital data releases had taken place during the four day...

The POUND STERLING has struggled in the currency markets on the day, losing ground against the majority of the other majors. A bad day for the FTSE 100 saw institutional investors shift out of the riskier plays which London provides and into safer havens. However, Scotland provided some positive news, with the release of regional employment...

The old market adage of ‘buy on the rumour, sell on the news’ held true for the POUND STERLING today, as headline CPI Inflation figures for February showed a drop in the monthly rate of UK price rises from January’s figure. However, the drop was not as marked as expected, meaning the Pound goes into tomorrow’s session on a NEUTRAL TO...

The UK PMI Manufacturing Survey, released earlier today, showed that Britain’s manufacturing sector expanded at a lower rate in February than it had in January. This held back the POUND STERLING on the day; if tomorrow’s PMI Construction survey disappoints, Sterling is likely to end the week on a NEUTRAL TO NEGATIVE footing. The EURO...

POUND STERLING The highlight of a packed day of UK data releases came at midday, when the Bank of England Monetary Policy Committee announced that it is set to extend its Asset Purchase scheme by £50bn. The market’s initial reaction was Sterling-positive, suggesting that investors are encouraged by the Bank’s decisive action. On the...

The Pound Euro exchange rate (GBP EUR) is 1.2043. The Pound Dollar exchange rate (GBP USD) is 1.5760. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4846. The Sterling Rand currency rate (GBP ZAR) is 12.30107. The Sterling Lira exchange rate (GBP TRY) is 2.79979. There was further bad news for the eurozone during yesterday’s...

POUND STERLING The Pound has suffered from drift in the currency markets today, in the absence of any significant UK data releases. Investors holding Sterling-denominated assets will be hoping for an unexpected spike in UK Retail Sales when December’s UK shop sales data is released tomorrow morning. NEAR-TERM OUTLOOK – NEUTRAL TO...

The Pound Euro exchange rate GBP EUR is trading at 1.19946, trading up 0.25%. The Pound Dollar exchange rate GBP USD is trading at 1.53411, trading down 0.08%. The Euro Dollar exchange rate EUR USD is trading at 1.28209, down 0.31%. The Euro Sterling rate EUR GBP is trading at 0.83572, down 0.24%. The Pound Euro exchange rate has gained...