Latest 10 news items tagged Switzerland
US Dollar (USD) Rises as Coronavirus Fears Increases Safe-Haven Appetite
Published: 28 Feb at 5 PM 2020
<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...
Pound (GBP) Sinks on No-Deal Brexit Fears
Published: 27 Feb at 3 PM 2020
<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...
US Dollar (USD) Sinks on Heightened Fed Rate Cut Fears
Published: 26 Feb at 2 PM 2020
<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...
Euro advances against Swiss Franc (EUR-CHF) as Gold Prices Remain Inconsistent
Published: 5 Oct at 3 PM 2015
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...
AUD, NZD Exchange Rates Gain on PBOC Stimulus, CAD Trending Higher
Published: 20 Apr at 11 AM 2015
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.
After the level of construction output in the Eurozone was shown to have fallen by -3.7% on the year in February rather...
Exchange Rate News Today: GBP Strengthens, EUR Advances and US Dollar Holding Steady
Published: 19 Jan at 2 PM 2015
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...
Foreign Currency Update: US CPI in Focus, USD Movement Expected
Published: 16 Jan at 2 PM 2015
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.
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...
SNB Decision Prompts Massive Exchange Rate Movement
Published: 15 Jan at 5 PM 2015
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.
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...
GBP Strengthens, USD, EUR Exchange Rates Fluctuate after Manufacturing Reports
Published: 1 Dec at 4 PM 2014
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.
Before the US ISM and Markit Manufacturing PMI’s were published, the US Dollar...
Australian Dollar (AUD) Firms, Rand (ZAR) Declines, UK Economy has More Slack
Published: 5 Aug at 12 PM 2014
Tuesday has seen the publication of highly influential former official, David Blanchflower’s, most recent paper claiming that the Bank of England (BoE) are failing to acknowledge the amount of slack left in the UK economy. Bloomberg stated Blanchflower’s suggestion: ‘The Bank of England is underestimating the amount of spare capacity in the economy, and weak wage growth should allow it to maintain stimulus.’ The Pound has been trading strongly in the currency market of late; however, the last few weeks have seen...