Pound To CHF Forecast – Is Now The Best Time To Buy Swiss Francs From Pounds?

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The Best Time To Buy Swiss Francs

The pound-to-Swiss Franc forecast is an indication of where technical and fundamental analysts think the GBPCHF price may be in the future. You can use these exchange rate forecasts to help you decide if now is the right time to buy the Swiss Franc, or if you should wait until the price improves.

GBPCHF Price1 Day Change1 Week Change1 Month Change1 Year Change
1.126590.19%0.19%0.72%1.85%

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GBPCHF Forecast Highlights

  • GBPCHF in a steady sideways trend
  • Swiss Franc exhibiting modest weakness due to low CHF rates
  • But GBP is vulnerable due to rising gilt yields, watch for a potential downside break below 1.100

How has the Pound performed against the Swiss Franc recently?

The Swiss Franc is traditionally seen a reasonable store of value. The medley of unfavourable political developments outside Switzerland only enhances this reputation.

If only the Swiss National Bank hadn’t intervened so vigorously over the years to weaken the Franc, the currency would be trading at a far higher value. Its status as a ‘safe haven’ currency is diminished, but not entirely abolished.

This characteristic is obvious when compared against Pound Sterling. Time and again when a crisis blew up in London, GBP lurched violently down against the Franc. For instance, during the Mini Budget debacle in 2022. While the rate has recovered gently from all these panic attacks, GBPCHF continued to trade at a lower level after each crisis. That’s how GBPCHF ended up at 1.120, when it traded at an elevated 1.550 nine years ago.

At the start of the 2025, the rate changes hands in the 1.120-1.140 range. From its chart, the rate has been crawling sideways in this tight band for some time. Boring, yet not out of characteristic. There were a few glaring instances in the past whereby GBPCHF barely moved (eg, first half of 2023).

But with bond yields roaring upwards in the UK, hitting headlines and crashing GBPUSD, this rate looks vulnerable. Will it slump below 1.100? We certainly can’t rule this out, as it appears the uptrends in UK gilt yields are not yet exhausted. As downside pressure intensifies, watch for a breakout here.

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Is it a good time to buy Swiss Francs with Pounds?

Based on the above analyses, it is a good time to buy Swiss Francs now?

The answer is yes if you need some CHFs in the coming months. The rate remains above 1.10 – which is not far from the recent average. Β You can to secure these Francs with a currency forward.

Of course, you may wish to wait further to bet on a rebound in GBP. The near-term upside target is at 1.150. The risk is that Sterling may extend its downward drift. Buying on the spot when you need the Franc always carries some risks.

Will the pound get stronger against the Swiss Francs in 2025?

The Swiss National Bank is leading the way in cutting policy rates. In early December the central bank cut interest rate by 0.5 percent to 0.5 percent. The reason for this is due to the lower-than-expected inflation.

The Bank, in its December meeting, observed that Swiss inflation had “decreased from 1.1% in August to 0.7% in November. Both goods and services contributed to this decline.” In other words, it was a broad, disinflationary, trend. The decline in inflation was large and persistent enough for the Bank to suppress the borrowing costs to a mere half a percent.

In contrast, the Bank of England’s policy rate currently stands at 4.75 percent, a fair distance above the Swiss rate. When the rate differential between two currencies is this wide, capital – at least in theory – should migrate into the higher-interest currency, provided all other economic considerations are holding constant. The currency with a lower interest rate weakens.

Indeed, since late October the Swiss Franc has been weakening against a few currencies, once the market suspected that the Swiss bank would slash rates in the coming meeting. USDCHF rose from 0.840 to 0.912 (in favour of USD, see below).

But even amidst this monetary landscape the GBP failed to gain much ground against CHF. From this you can tell the market is not that enthusiastic about GBP.

Should the British interest rate panic continue to brew in the background, GBPCHF is unlikely to rally much. Too much pessimism weighing on Sterling these days. Reaching 1.150 this quarter would be considered as a significant improvement.

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What is the GBPCHF forecastΒ in weeks, months, years?

The market, on the whole, is fairly muted on GBPCHF. Most forecasters are not expecting GBP to strengthen significantly against the CHF in the coming weeks.

If we look at the aggregate forecasts ofΒ GPBCHF, taken fromΒ  Exchangerateforecast.org.uk, the general consensus is that the FX rate will gradually trend slightly higher before the rally tapers off at 1.150.

But we all know the market is quite volatile at the moment. Macro crosscurrents are hitting exchange rates across the globe. GBPCHF may thus move quickly from 1.120.

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Source: Exchangerates.org.uk (Jan 2025)

Where is the best place for buying large amounts of Swiss Francs from Pounds

There are two different ways people buy Swiss Francs from Pounds

You can use our comparison table of currency brokers to see how many currencies they offer, what the minimum CHF transfer is and if they offer forwards and currency options as well as when they were established. You can either visit each currency broker individually or use our currency quote comparison tool to request multiple exchange rates.

Or, if you are more interested in trading GBPCHF, you can compare forex brokers here.

The current GBPCHF exchange rate is 1.12659 which is a change of 0.19% from the previous days closing price. Over a week GBPCHF is 0.19%, compared to it’s change over a month of 0.72% and one year of 1.85%.

GBPCHF exchange rate data is updated every 15 minutes.

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