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Old 18.01.2011, 21:22
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Can I make GBP investments in Switzerland?

Hello All,
I am surprised I could not find a thread on this already, but I was wondering with the Sterling - CHF exchange rate being so poor, does anyone know of any good methods to keep cash in GBP but invest here in CH (to avoid my parents having to run around and organise things back home)?

I still remember the 2.4CHF/Pound days and am a little sick. As usual I am sailing into the wind...
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Old 18.01.2011, 21:52
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Re: Can I make GBP investments in Switzerland?

Major Swiss banks allow Sterling, dollar, etc accounts and better interest rates than Swiss francs. But naturally these accounts tend to fall in value at a higher rate than the interest. I remember CHF3.60 to the £1 (1983)...
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Old 18.01.2011, 21:53
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Re: Can I make GBP investments in Switzerland?

Exactly 10 chuffs to the £ when I first lived in the UK (1970)

and £2.60 when we made the decision to retire here on UK pensions.
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Old 18.01.2011, 22:45
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Re: Can I make GBP investments in Switzerland?

My first holiday on Thunersee 1955, CHF 10 to £1

I think you can draw your own conclusions why nobody here invests in GBP
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Old 18.01.2011, 22:49
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Re: Can I make GBP investments in Switzerland?

So it was the same in 55 as in 70! Interesting.
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Old 19.01.2011, 10:56
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Re: Can I make GBP investments in Switzerland?

Quote:
So it was the same in 55 as in 70! Interesting.
Yes, but in 1955 it was £sd in the UK right?
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Old 19.01.2011, 11:21
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Re: Can I make GBP investments in Switzerland?

You're going to be hard pushed to find any CH sterling account paying interest as the UK base rate is still only 0.5%.

To purely have your funds safe in an account, Postfinance (who I found to be competitive with savings and borrowing rates) can help you:

http://www.postfinance.ch/en/priv/pr...gn/detail.html
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