The Swiss Franc has turned the major currency league table on its head to become the second best performer of 2022 but it could rise further against Sterling and may even have scope to push GBP/CHF back to 1.0555 in the months ahead, according to analysts at Nomura.
Read more: Swiss Franc Bought at Nomura as GBP/CHF Tipped for Slide to 1.0555
The Swiss Franc is tipped to make another push higher against the Euro and Pound over the coming weeks, but economists say 2023 will see a broader retreat by one of the world's favoured safe-havens.
Read more: Swiss franc Forecast to Strengthen into Year-end Before Staging a Broader Retreat
Switzerland's Franc fell on Thursday after the Swiss National Bank (SNB) raised its interest rate for a second occasion but signaled through its forecasts for inflation that further increases shouldn't be taken for granted.
Read more: Swiss Franc Falls after SNB Signals Interest Rate Cycle Nearing End
"The SNB's balance sheet has been shrinking at a rapid pace"
Read more: Swiss Franc's Favourable Outlook Backstopped by SNB FX Sales, BMO Says
The Euro to Franc exchange rate will end the year back above parity says a foreign exchange analysts at one of Europe's largest banks.
Read more: Euro-Franc: Plunge Further Below Parity to be Avoided says UniCredit
