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GBP Rallies on Juncker’s Brexit Remarks, CHF Gains as SNB Stays on Hold


The pound was yesterday’s main gainer, coming under buying interest after EU Commission President Juncker said that he will do “everything to get a deal” with the UK. The next winner in line was the Swiss franc, which strengthened after the SNB kept its monetary policy on hold and refrained from providing hints with regards to additional easing.

Pound Rallies as Juncker Says he Will Do Everything to get a Brexit Deal

The dollar traded lower against all but two of the other G10 currencies on Thursday and during the Asian morning Friday. It gained only versus NZD and NOK, while it underperformed the most versus GBP, CHF and SEK.

The main gainer was the British pound, which came under strong buying interest after the European Commission President Jean-Claude Juncker said that he will do “everything to get a deal” with the...

Read the full financial markets daily report on JFD Research.

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Source: https://www.jfdbank.com/en/research/gbp-rallies-on-junckers-brexit-remarks-chf-gains-as-snb-stays-on-hold-20190920
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