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by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound declined against the Euro exchange rate yesterday and rose an incredible 9% against the Swiss Franc in early trading, following speculation that the Swiss National Bank will intervene and take action to curb the currency’s recent strength. Consumer price growth in Switzerland rose at the slowest pace in almost a year and the Swiss Franc declined heavily following five consecutive days of gains. Policy makers have...
by Adam Solomon Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound rallied almost 1% against the U.S Dollar exchange rate on Thursday, trading at a high of 1.64 in early trading, bouncing back from the lowest level in 2-weeks, after the Senate's decision to approve the increase in the U.S debt limit. The UK currency also gained as much as 2.8% versus the Swiss Franc, after Switzerland's central bank cut interest rates in an effort to halt the currency's...
by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound rallied almost 1% against the U.S Dollar, trading at a high of 1.64 in early trading, bouncing back from the lowest level in 2-weeks, as the Senate's decision to approve the increase in the U.S debt limit spurred demand for riskier assets. The UK currency also gained as much as 2.8% versus the Swiss Franc, after Switzerland's central bank cut interest rates in an effort to halt the currency's relentless gains. The...
by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound declined against the Euro exchange rate yesterday and rose an incredible 9% against the Swiss Franc in early trading, following speculation that the Swiss National Bank will intervene and take action to curb the currency’s recent strength. Consumer price growth in Switzerland rose at the slowest pace in almost a year and the Swiss Franc declined heavily following five consecutive days of gains. Policy makers have...