Thread: CHF foreign exchange highs and lows
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Old 07.01.2009, 17:08
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Re: Gbp/chf..wow 1.76
Quote:
Nev
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Traders are back after the Xmas holidays and now focussing on the negative outlook for the Eurozone and Swiss economies and what that inevitably means for further rate cuts there. Barring more surprises, all the bad news for the UK is already priced into sterling. It had lost a lot of ground vs the Euro and Swissie before Xmas so some rebound in the pound was always on the cards.
Bugger... I was hoping to switch some EUR as soon as it hit parity... clouds having silver linings and all that.

D
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