The Pound to Franc exchange rate has rallied to a new 21-month high after UK inflation figures cast doubt on Bank of England interest rate cuts and now screens as overbought. But, fundamental devel…
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Strategists at HSBC say the Swiss Franc is due a comeback against the Pound which will continue to be weighed down by expectations for near-term interest rate cuts.
Read more … →The Pound to Franc exchange rate might be in rarefied air at current levels, with one Swiss private bank predicting it will fall over the remainder of the year.
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The Swiss Franc selloff accelerated following the release of a below-consensus inflation report that raised the odds of further interest rate cuts from the Swiss National Bank (SNB).
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The Swiss Franc was sold after the Swiss National Bank (SNB) became the first G10 central bank to commence an interest rate cutting cycle, with analysts saying further weakness is now likely as the…
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