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-   -   Wow, CHF to GBP exchange rate is pretty crazy at the moment... (https://www.englishforum.ch/finance-banking-taxation/260857-wow-chf-gbp-exchange-rate-pretty-crazy-moment.html)

Chuff 07.10.2016 10:08

Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
I just noticed today that 1 CHF = 0.82 GBP... that's insane. :eek:

Time for some online shopping methinks. :D

EDIT - Some more info here https://www.poundsterlinglive.com/gb...vices-pmi-3435

fatmanfilms 07.10.2016 10:10

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by Chuff (Post 2670260)
I just noticed today that 1 CHF = 0.82 GBP... that's insane. :eek:

Time for some online shopping methinks. :D

Those sort of no's should make Swiss companies think of off shoring to the UK, rather than bringing UK staff to CH.

PaddyG 07.10.2016 10:13

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
I know, I'm paying for a big trip next from the UK and saving a bundle. :D

Treverus 07.10.2016 10:14

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by fatmanfilms (Post 2670263)
Those sort of no's should make Swiss companies think of off shoring to the UK, rather than bringing UK staff to CH.

Obviously not. The GBP is down due to the uncertainty of the whole Brexit thing... if anything are MNCs going to leave the UK, not the other way around. If you have a six months project might it be an opportunity, but with a longer horizon is it mostly a business risk. You can outsource to other EU countries for less money without that...

The_Love_Doctor 07.10.2016 10:17

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
So we all got a pay rise then? In pounds? :msncool:

With average UK salary of around 26k, the EF folk must be within the top 1%!

baboon 07.10.2016 10:18

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Seems last night was a glitch caused by either automatic trading or someone's fat fingers in Asia....

hannah'sauntie 07.10.2016 10:22

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by baboon (Post 2670272)
Seems last night was a glitch caused by either automatic trading or someone's fat fingers in Asia....

My husband will be relieved, his UK pension isn't quite as bad as we thought. :mad:

The_Love_Doctor 07.10.2016 10:25

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by hannah'sauntie (Post 2670276)
My husband will be relieved, his UK pension isn't quite as bad as we thought. :mad:

My sarcasm radar must be really off, or you must have got the wrong end of the stick :D

Chuff 07.10.2016 10:25

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Some more info here https://www.poundsterlinglive.com/gb...vices-pmi-3435

hannah'sauntie 07.10.2016 10:28

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by The_Love_Doctor (Post 2670279)
My sarcasm radar must be really off, or you must have got the wrong end of the stick :D

:msnsad:

Edit... Wrong end of the stick, I had not long since woken up. :o

gata 07.10.2016 10:29

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Looking for tickets to london as we speak!

The_Love_Doctor 07.10.2016 10:30

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now... :eek:

fatmanfilms 07.10.2016 10:33

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by Treverus (Post 2670268)
Obviously not. The GBP is down due to the uncertainty of the whole Brexit thing... if anything are MNCs going to leave the UK, not the other way around. If you have a six months project might it be an opportunity, but with a longer horizon is it mostly a business risk. You can outsource to other EU countries for less money without that...

You can hedge you currency forward if you want, the will get cheaper over the next 3 years so little point IMHO.
It's interesting how people get blinkered when they have a financial interest. Expect salaries to fall in CH, they have in many ex-pat sectors over the last 15 years & more redundancies.

Treverus 07.10.2016 10:39

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by fatmanfilms (Post 2670288)
Expect salaries to fall in CH, they have in many ex-pat sectors over the last 15 years & more redundancies.

That's what people keep on telling me for the last 15 years... and to be honest: It is happening. But just like anything else here: Very, very slowly. I expect that I have to work longer than people today, so I have another 30 years to go. At the current speed of the development might I be ok.

hannah'sauntie 07.10.2016 10:39

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by gata (Post 2670284)
Looking for tickets to london as we speak!

Quote:

Originally Posted by The_Love_Doctor (Post 2670285)
I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now... :eek:

Packing our bags as we speak. ;)

At least hubby has his Swiss pension too, but it is worrying. His UK pension is around half our income.

baboon 07.10.2016 10:42

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by hannah'sauntie (Post 2670293)
Packing our bags as we speak. ;)

At least hubby has his Swiss pension too, but it is worrying. His UK pension is around half our income.

Well it should still be about a third of your income in future :D

Phil_MCR 07.10.2016 11:10

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
hmm. that 5 bedroom detached house in cambridge might actually not be too bad value now...

Guest 07.10.2016 11:29

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by The_Love_Doctor (Post 2670285)
I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now... :eek:

too late, too late :eek:

Enohzee 07.10.2016 12:05

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

too late, too late :eek:
But if it's in a pension it should be in diversified global investments (in multiple currencies), no?


I guess the biggest losers right now are the UK-based savers and house owners...

Guest 07.10.2016 12:10

Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...
 
Quote:

Originally Posted by The_Love_Doctor (Post 2670270)
So we all got a pay rise then? In pounds? :msncool:

With average UK salary of around 26k, the EF folk must be within the top 1%!

Well I earn my salary in GBP, so guess how I feel at the moment :p


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