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31 May 2017

SNB's Jordan: Strong Swiss franc continues to put pressure on Switzerland's monetary policy

Swiss National Bank (SNB) Chairman Thomas Jordan crossed the wires in the last hour, via Reuters, stating that a strong Swiss franc continues to put pressure on Switzerland's monetary policy.

Key quotes (via Reuters):

  • Must almost assume global interest rate levels will not return to late 1990's levels
  • SNB balance sheet can still be expanded so long as it brings rewards to the Swiss economy
May 31, 2017

GBP/USD stays quiet below 1.29 as Beige Book doesn't offer anything new

The GBP/USD rose above 1.29 in the NA session on Wednesday, recovering a majority of Friday's heavy losses but failed to stretch further amid a lack o
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May 31, 2017

GBP/USD: better bid while above 1.2804 - Scotiabank

Analysts at Scotiabank explained that cable has tested below 1.28 four times over the past week and the market has failed to sustain losses on each oc
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