The Swiss Franc jumped after the Swiss National Bank (SNB) indicated it was not comfortable with the rate of currency depreciation.
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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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