Anyone know why it suddenly took a massive hit?
I’ve been looking at the rates over the past week and seen that the CHF has nose dived against the pound. Send your CHF back now if you need to!
If in doubt blame it on Brexit.
Looks like it's getting pounded.
Am I missing something here? The rate has been at or about 1.16 for the last few days and before that it was the GBP that took a pounding against the CHF (well, down from around 1.22)?
You been looking at the graph upside down?
Checking today it still is at/around 1.16
The only viable explanation...
eh ?
https://www.google.com/finance/quote/CHF-GBP?window=5Y
I'm sending money back to pay off a uk mortgage... so fairly big chunks and the exchange rate is in my favour (paid in chf, spending gbp)
One possible reason is the flaming inflation in the UK, people expecting interest rate hike from BoE
Yeah
What I couldn’t figure out was whether the pound was getting weaker or chf stronger or both and if there was one significant factor on either side for such a sudden shift
Swiss franc, safe haven currency at time of war, etc.
British pound, Boris.
Ive converted a huge stack of CHF into GBP. Will exchange back when (hopefully!) the GBP bounces back. I did this during the covid drop and made a nice little bonus out of it :-)
So yes, got it in one - well two, Boris and Brexit = B&B. Very clear.
Brexit quite possibly has had an effect but Boris ?
I don't think Boris really has the capacity to harm the economy as much as you think, he is already factored in as a rather insignificant influence on the markets.
It's more down to poor management a Bank of England (Bailey is useless), over taxation and a delay in increasing rates making the UK look very un investable right now.
Interesting comment. However, Johnson is seen as a total disaster by the whole world, and the fact that there seems to be no-one of the right calibre and who has not been 100% behind his lies and dishonesty to replace him- surely is not helping!
Boris is written in to all the pricing, we all know he is useless and his input is insignificant, what Rishi Sunai says is more important !
Can we try to keep this one on track and not divert to yet another Brexit thread.
In the real world exchange rates are very much impacted things like trade deals, potential tariffs, etc...
Obviously.