Tuesday, November 16, 2010

CHF: Frank will remain a favorite among European currencies

In essence, the Swiss is still the most preferred European currency, though it will not necessarily continue. The single currency holds good against the Swiss, given the tensions in the euro area and the serious difficulties connected with it, even the salvation of Ireland in any form will not solve many common problems. Pound is also not insured, taking into account what is happening, especially given the level of impact on the UK banking sector is Ireland.
All this, along with the continuing uncertainty with respect to further QE, making the pound a few unstable at the moment. After the decision of the Federal Reserve, the Swiss franc, to a certain extent, risen above all others, and the pair GBP / CHF to cement by 0.5% since that time. In general, there is considerable uncertainty as to whether, with what face markets. More volatility is likely to benefit the dollar, but after the Swiss franc is likely to become a favorite among European currencies.

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