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Swiss Franc's Favourable Outlook Backstopped by SNB FX Sales, BMO Says

From poundsterlinglive.com

The Swiss Franc has climbed through the 2022 performance ranking of currencies since late last quarter and asset sales by the Swiss National Bank are one of many factors helping this reversal of fortune, according to strategists at BMO Capital Markets, who cite data released by the SNB last Friday. Switzerland’s Franc had been closer to the bottom of the major currency league table than the top back in the early days of June but that began to change following a landmark change in the monetary policy stance of the Swiss National Bank last month, which took financial markets by surprise. “The SNB's balance sheet has ... (full story)

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