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Currencies strengthen against sterling after Leave result

By Ricky Bean June 27th, 2016

This week, the Chinese release their manufacturing Purchasing Managers’ Index (PMI) on Friday, which is expected to remain above 50 for the third month in a row, signalling a real progression in their economy since last Summer’s crash.

Tomorrow the Swiss Gov. Board member is set to speak, with much of his attention, no doubt, focussed on last week’s Brexit. After the result on Friday, the Swiss Franc gained greatly alongside other safe havens, the Japanese yen and the Russian rouble, and now is the best time to sell the Swiss currency for 15 months.

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