Look for:

Our offer for

Research Detail

2019/03/28 / Erste Group Research

Forex News | Tough struggle for Brexit strengthens franc

The latest statements by representatives of the US Federal Reserve mean that we no longer forecast the next interest rate hike for June. Accordingly, we have changed ourforecast for the EURUSD and we now expect a trend reversal already in the second quarter.

The yen has recently benefited strongly from the increasing Brexit chaos. We do not expect the situation to ease until the Brexit issue has been satisfactorily resolved and a hard Brexit can be avoided.

Due to the worsening situation around Brexit and disappointing sentiment indicators for the Eurozone, the franc has recently strengthened significantly against the euro to a level of 1.12.

PDF Download Download PDF (197kB)

General information

AuthorErste Group Research
Product nameForex News
Topic in focusFX, Macro/ Fixed income
Economy in focusEurozone, Japan, Switzerland, United States
Currency in focusEuro, Swiss Franc, US Dollar
Sector in focus-


We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer