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Foreign Currency Pound Sterling Exchange Rate Forecast vs CHF

February 3, 2016 - Written by James Fuller

Pound Sterling (GBP) Outlook Neutral to Positive



The POUND STERLING (currency : GBP) was provided with a fair wind during yesterday’s trading session following the publication of a set of draft proposals for reformation of the UK’s relationship with the European Union.

The European Commission has given the UK tangible concessions on the provision of in-work benefits for euroland migrants, a move which will apparently make a vote to ‘remain’ in the EU a more likely prospect from the upcoming referendum.

The outlook for Sterling is now NEUTRAL TO POSITIVE.

Euro (EUR) Outlook Neutral to Negative



The EURO (currency : EUR) enjoyed another steady day against the other sixteen major global tenders yesterday.

The shared currency was helped by early morning German jobs figures which revealed a surprise drop in the overall level of unemployment in the euroland’s number one economy.

With whole of eurozone unemployment data also besting expectations, analysts now forecast that the euro will trade on a NEUTRAL TO NEGATIVE footing moving forward. The GBP EUR exchange rate stands 1.3242.

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Swiss Franc (CHF) Outlook Neutral to Negative



The SWISS FRANC (currency : CHF) put in a strong showing against Sterling yesterday, sending the GBP CHF exchange rate down by around a third of a percentage point.

The driver for the Franc’s improvement came from a slightly less disappointing than expected set of December Retail Sales data. The upward revision to November’s counterpart figure also helped, but it will be tough for the Swiss unit to record any further gains while the Swiss National Bank’s headline interest rate remains heavily in negative territory.

The outlook for the Franc is NEUTRAL TO NEGATIVE and the GBP CHF exchange rate stands at 1.4660.

US Dollar (USD) Outlook Neutral



The US DOLLAR (currency : USD) continued to soften in the markets during yesterday’s session.

The performance of the Buck is increasingly tethered to that of Crude Oil due to the impact which oil prices have on Federal Reserve interest rate expectations.

Yesterday brought renewed losses for global oil prices, so investors downgraded their inflation expectations and their bets on another near term US rate hike as a consequence.

The GBP USD exchange rate stands at 1.4452 and the outlook for the Dollar is NEUTRAL.
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TAGS: American Dollar Forecasts Euro Forecasts Pound Sterling Forecasts Swiss Franc Forecasts

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