Back

GBP/CHF tumbles more than 10%

FXStreet (Córdoba) - GBP/CHF collapsed after the SNB announced that it abandoned the 1.20 floor in the EUR/CHF. The pair plummeted from 1.5535 to as lows as 1.2240, a level last seen back in 2011 when the floor was introduced.

From the lows GBP/CHF bounced to the upside and trimmed losses, rising above 1.3500, still 2000 pips below the level it had less than an hour ago.

The short term moves in the price of the pair has no comparison. Even back in 1992, when the pound plummeted, GBP/CHF did not fall by such a percentage as it is doing today, that so far is down 12% (at certain point it was falling 22%).

The ongoing oil decline might add 135bp to global GDP – GS

Analysts at Goldman Sachs share the relationship between oil and GDP – global and of oil exporters, anticipating that the ongoing oil decline may add 135bp to global GDP growth, while emerging market oil exporters might see a 350bp hit to their real GDP.
Leia mais Previous

DAX recovers after SNB surprise moves

Germany’s benchmark index, the DAX, swung between gains and losses in an extremely volatile European session and recovered slightly after the Swiss National Bank (SNB) shook the markets in an unexpected move.
Leia mais Next