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NEWSFLASH: CHF IN HISTORIC 20% DROP

NEWSFLASH: CHF IN HISTORIC 20% DROP

The Swiss National Bank (SNB) has made a surprise announcement that they have removed their cap on EUR/CHF at 1.20.

The fallout saw huge price movements across the board with EUR/CHF shift from 1.20 to 0.8820 in less than 10 minutes – that is a 26.5% move!

The fall out is yet to be seen but has so far resulted in a huge strengthening in CHF against all currencies. GBP/CHF moved from 1.5540 to 1.1000 before making its way back towards 1.3100 at this particular second!

Are team are on hand to talk you through the impact of this significant event.

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