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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, 10:17
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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, 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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Old 14.10.2016, 14:59
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Generally airlines adjust their rates to reflect this, but often it takes up to 24h, time for cheap flights!
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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, 10:18
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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, 10:33
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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, 13:38
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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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.
In which industries salaries have been falling? General data don't show it yet:

http://cdn.tradingeconomics.com/embe...31&h=300&w=600

http://cdn.tradingeconomics.com/embe...31&h=300&w=600

http://cdn.tradingeconomics.com/embe...31&h=300&w=600
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Old 07.10.2016, 13:26
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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.
It's already happening.
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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, 13:21
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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.
We're currently doing a full refurb on our house in the UK. We should have started last November but left it until we were a bit more settled in Switzerland and both in receipt of B permits.

We've just worked out what the 11mth delay means for our refurb budget, and the change in exchange rates covers the cost of the new central heating and bathroom. When I can visualise it in physical terms, that's a huge difference.
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Old 07.10.2016, 14:02
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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We're currently doing a full refurb on our house in the UK. We should have started last November but left it until we were a bit more settled in Switzerland and both in receipt of B permits.

We've just worked out what the 11mth delay means for our refurb budget, and the change in exchange rates covers the cost of the new central heating and bathroom. When I can visualise it in physical terms, that's a huge difference.
Just wait a couple of days and you will have a new kitchen too; it dipped to CHF 1.20 before lunch
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Old 07.10.2016, 14:55
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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.

EDIT - Some more info here https://www.poundsterlinglive.com/gb...vices-pmi-3435
oh, i was in london yesterday and had some time for shopping...but was not aware of this...next time i'll inform myself better before travelling
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