The CHF has reasons for strength. The SNB has dropped its ‘highly valued’ label from the CHF from its June meeting. The returning appeal of traditional safe havens suit flows…
For years the Swiss National Bank called the CHF ‘overvalued’. However, it has now dropped that ‘overvalued’ label in the June meeting and we have seen a flurry of bids…
Expectations at the last BoE meeting was for a 25bps rate hike. So, when the BoE hiked by 25bps to 0.50% it was not a surprise. However, what was a…