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GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

April 3, 2020

The pound continued to strengthen against the Swiss franc yesterday following the news that the UK’s current lockdown situation appears to be slowing the spread of COVID-19, causing a 0.85% movement in GBPCHF exchange rates throughout the day.
Scientists at the London School of Hygiene & Tropical Medicine questioned 1,300 people in the UK in an online study, which found that the average number of daily contacts was down 70% now compared to before the country went into lockdown and social distancing measures were set out. John Edmunds, who led the study, said “if we see similar changes across the UK population, we would expect the epidemic to decline”.
The UK also appears to be making inroads in finding a treatment for those affected by Coronavirus. A new drug

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