The Swiss Franc’s stellar performance should be of no surprise by now as the currency continues to defy gravity and traders seeking out swap dividends through short exposure are getting trounced. Despite the chatter of lower rates by the BoE this year as evidence through dovish remarks by members of the committee and poor growth numbers mount, the Pound managed to print some solid gains, with another important test today via the UK CPI figures. The market is pricing a 50/50 chance of lower rates by the BoE by the next meeting in February. The US Dollar, in congruence with its seasonals, retains a bullish outlook ... (full story)