2014.06.2014:47:00UTC+00Chf Slump to 2012 Lows Against Gbp Following Snb Meeting Yesterday
The Swiss National Bank chose not to amend its FX intervention program following its meeting yesterday but did warn that if European Central Bank (ECB) rate cuts do impact the Swiss economy, it will take action.
The Swiss franc had slumped to 2012 lows against the pound ahead of the announcement.
However, another central bank did shock markets yesterday. Instead of rate hikes Norway talked potential rate cuts, causing GBP/NOK to rise by as much as 3.5% at one point yesterday.
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