Modest declines for Switzerland's Franc and a buoyant Pound have raised Sterling into the top spot among advanced economy currencies for the year in what potentially marks an inflection point for both currencies ahead of important macroeconomic events for both in the opening week of the new month.
August 1,2023
The Swiss National Bank raised interest rates, lifted its inflation forecasts and maintained a desire for a strong Swiss Franc in what amounts to a 'hawkish' June policy announcement.
June 22,2023
The Swiss Franc should be in demand over the coming days say strategists at RBC Capital Markets and Barclays.
June 12,2023
The Swiss Franc outperformed in the penultimate session of the week amid reports of hawkish comments from Swiss National Bank (SNB) Chairman Thomas Jordan but its latest gains are stoking an already high valuation and a potential vulnerability due to a moderation of inflation now underway in Switzerland.
June 8,2023
The Swiss Franc remained one of the top-performing major currencies of the period in the fading light of March and will still retain its appeal as a financial safe haven even as it struggles to advance against the Pound, Euro and others over the remainder of the year, according to Barclays Research.
March 30,2023
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