Tag Archives: Swiss franc Brexit

Investec Switzerland. The Swiss National Bank maintained its ultra-loose negative interest-rate policy and pledged to intervene in currency markets if needed, saying the Brexit vote has clouded its view of the global economy. © Macgyverhh | Dreamstime.com Switzerland’s central bank, which for years has been combating an overvalued currency, left its deposit rate at a record low of minus 0.75 percent, as forecast by all economists in a Bloomberg survey. It vowed to keep...

Investec Switzerland. At least one Brexit warning light is still flashing red. While the pound has rallied in recent days and bookmakers have shortened their odds on a win for “Remain” in Thursday’s U.K.’s European Union referendum, the Swiss franc is still about 0.4 percent from the 2016 high it reached last week. © Sergey Kuzmin | Dreamstime.com The Swiss currency, traditionally sought by investors in times of market stress, climbed as the “Leave” campaign gained ground in...

Investec Switzerland. Swiss Market Index (SMI) is set to close lower this week, underperforming global stocks after a stronger Swiss franc hurt domestic firms and Brexit fears weighed on investor sentiment. © James53145 | Dreamstime.com On the other side of the Atlantic, the S&P 500, an index which tracks the share prices of the top 500 US companies,  hit a seven-month high after Federal Reserve Chair Janet Yellen painted a mostly upbeat picture of the economy on...