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.