SNB definitely have their fingers all over the intervention button

24 June 2016, 12:57
Sherif Hasan

Swiss National Bank confirm they have been active during Brexit outcome 24 June 2016

  • will continue to monitor and act when necessary

No surprises as I highlighted the base case scenario in one of my earlier posts. On EURCHF I wrote:

"While 1.0750 isn't in itself a real concern the potential to fall further is and the SNB will want to stop it running too far"

Not being part of the G7/20 they can do what they like and invariably do as we know, and I frequently point out.

We're now back to 1.0857 from lows of 1.0623.

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