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Brexit: Swiss Franc Surges Most Since Jan 2015 Peg Removal

24th Jun 2016 07:54

VIENNA (Alliance News) - The Swiss franc climbed strongly against the euro after the UK unexpectedly decided to leave the EU.

The currency, perceived a safe-haven, rose the most against the euro since the Swiss National Bank removed the 1.20 per euro peg in January 2015.

Reports suggest the SNB intervened in the forex markets to stabilize the franc.

Copyright RTT News/dpa-AFX

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