020 7898 0500As so often in times of turmoil, some currencies flourish whilst others falter. One that often shines is the Swiss franc, due to its safe-haven status. Amongst the uncertainty of the UK’s EU referendum the franc is once more going from strength to strength. Yesterday saw the Swiss currency at its strongest point against the euro all year, and at a two-month high against sterling.
The Swiss economy saw Producer Price Index (PPI) data early morning, but it will be the investment into Swiss businesses that caused most of the surge as they still offer a secure investment where most of Europe is currently a gamble.
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