Pound to Franc Forecast

The Pound's recovery against the Swiss Franc can extend, according to a new strategy update from Danske Bank.

The Pound to Franc exchange rate has rallied to a new 21-month high after UK inflation figures cast doubt on Bank of England interest rate cuts and now screens as overbought. But, fundamental developments mean weakness should be shortlived going forward.

The Pound to Franc exchange rate might be in rarefied air at current levels, with one Swiss private bank predicting it will fall over the remainder of the year.

Pound Sterling's rise against the Euro can extend into the coming months and reach a peak comfortably above €1.20, supported by a strong carry advantage and a waning Brexit premium.

A leading Swiss bank tells clients to expect notable downside in the Pound to Franc exchange rate over the course of 2024.