Trading margins are tight on the EUR/CHF currency pairing this morning ahead of the G20 summit and as traders await the European Central Bank’s rate decision at 12.45 BST. Investors expect a cut of 50 basis points to 1%, and are speculating about whether the ECB will announce any quantitative easing strategies like many other central banks have done.
Against the pound the Swiss franc has fallen sharply this morning, reaching a 1-month low as its safe haven appeal has been undermined by rising equity markets and growing risk appetite.
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