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Old 07.10.2016, 10:08
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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.

Time for some online shopping methinks.

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

Last edited by Chuff; 07.10.2016 at 10:26.
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Old 07.10.2016, 10:10
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I just noticed today that 1 CHF = 0.82 GBP... that's insane.

Time for some online shopping methinks.
Those sort of no's should make Swiss companies think of off shoring to the UK, rather than bringing UK staff to CH.
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Old 07.10.2016, 10:13
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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.
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Old 07.10.2016, 10:14
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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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...
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Old 07.10.2016, 10:17
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

So we all got a pay rise then? In pounds?

With average UK salary of around 26k, the EF folk must be within the top 1%!
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Old 07.10.2016, 10:18
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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....
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Old 07.10.2016, 10:22
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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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.
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Old 07.10.2016, 10:25
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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My husband will be relieved, his UK pension isn't quite as bad as we thought.
My sarcasm radar must be really off, or you must have got the wrong end of the stick
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Old 07.10.2016, 10:25
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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
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Old 07.10.2016, 10:28
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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


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

Last edited by hannah'sauntie; 07.10.2016 at 12:40. Reason: I am a numbskull.
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Old 07.10.2016, 10:29
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Looking for tickets to london as we speak!
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Old 07.10.2016, 10:30
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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...
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Old 07.10.2016, 10:33
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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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.
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Old 07.10.2016, 10:39
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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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.
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Old 07.10.2016, 10:39
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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Looking for tickets to london as we speak!
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I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now...
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.
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Old 07.10.2016, 10:42
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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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
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Old 07.10.2016, 11:10
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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...
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Old 07.10.2016, 11:29
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now...
too late, too late
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Old 07.10.2016, 12:05
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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too late, too late
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...
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Old 07.10.2016, 12:10
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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So we all got a pay rise then? In pounds?

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
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