Global Markets

Global Markets Update

8 February, 2019

Safe-haven flows to support the Swiss franc this year

While the Swiss franc has not benefitted much from recent upheaval in markets, including yesterday’s sell-off in US equities, it has been very stable. We expect this to remain the case in 2019, as slowing global growth and concerns about Italy support the franc, and the SNB intervenes to limit its appreciation.

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