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Sterling tumbles to March 2020 low versus Swiss franc
Abstract：Sterling slumped on Friday against the safe-haven Swiss franc, hitting its lowest level in more than two years
Sterling slumped on Friday against the safe-haven Swiss franc, hitting its lowest level in more than two years as renewed fears of a global recession coupled with weak UK economic data sent investors rushing to sell the British currency.
The pound fell 0.84% against the Swiss currency to 1.1531 francs, its lowest level since March 2020. [GBP/]
The pound, which also fell heavily against the dollar on Friday amid widespread selling, was set for its worst day against the franc since June 16, when the Swiss National Bank delivered a surprise interest rate hike. For more forex news, please download WikiFX - the Global Dealer Regulatory Inquiry APP.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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