March 21, 2024 – Written by Frank Davies
STORY LINK Pound to Swiss Franc Rate Hits 8-Month Best
The Swiss franc declined sharply following the Swiss interest rate cut.
The Euro to Swiss franc (EUR/CHF) exchange rate jumped to 8-month highs at 0.9780 before a correction to 0.9750.
The Pound to Swiss franc (GBP/CHF) exchange rate also spiked to 8-month highs just below 1.1450.
Markets will now look at the Bank of England decision for fresh GBP/CHF moves.
USD/CHF jumped to 4-month highs above 0.8950 as robust global risk appetite also undermined the Swiss currency….
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