The Swiss currency finally felt the central bankers pressure and declined considerably versus most of its main trading partners’ currencies, on speculations that measures will be taken by the financial authorities to avoid the franc to gain.
The Swiss franc dropped even versus the European single currency as some of the bloc’s members are providing negative economic data, evidencing that the Swiss National Bank pressure to halt the franc’s rally is taking effect. The pound was one of the biggest winners versus the franc as the U.K.’s inflation rose beyond forecasts.
GBP/CHF traded at 1.6886 as of 22:31 GMT from a previous rate 1.6737 yesterday.
If you want to comment on the Swiss franc’s recent action or have any questions regarding this currency, please, feel free to reply below.