If there’s one country with reason to resent the rise of populist movements, it’s Switzerland. Twenty-two months after it abandoned its 1.20-per-euro exchange-rate cap, the Swiss National Bank still finds the franc in focus every time there’s a major event that threatens to upset markets. Donald Trump’s ascendancy to the White House pushed the currency to the strongest level since the wake of June’s Brexit vote, and options prices suggest more gains are likely. Respublica Trust Director Phillip Blond discusses with Guy Johnson and Caroline Hyde on “Bloomberg Markets: European Open.”
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(Bloomberg)
Phillip Blond is an English political philosopher and director of the ResPublica think tank.