The CHF to GBP exchange rate is currently range-bound.
Key drivers include the interest rate differential where the Bank of England is expected to reduce rates while the Swiss National Bank has lowered its policy rate to address easing inflation. Additionally, the Swiss economy faces challenges from significant U.S. tariffs imposed on Swiss exports, impacting demand for the franc. Conversely, the UK’s retail sales are predicted to show positive growth, providing support for the pound.
Looking ahead, the expected trading range for the CHF to GBP exchange rate is stable, reflecting its recent performance within a 2.9% range.
Upside risks involve stronger-than-expected UK economic data, potentially bolstering the pound. Conversely, sustained pressure from tariffs on Swiss goods could further weaken the franc, impacting its value against the pound.