The Bank of England decided not to cut its interest rates to new record lows when it met on July 14, 2016. The country’s central bank was under pressure to act.
Central banks met in Basel during the Bank of International Settlement’s annual meeting. They discussed how to control the impact of Brexit on the global economy.
Critical European indexes were trading on a positive note on March 14, 2016, at 12:00 PM ET. Looking at the performance of the major European indexes, DAX and France’s CAC 40 traded higher by 1.5% and 0.16%, respectively.
The Swiss franc was trading slightly higher versus the US dollar on December 1, 2015, even as the GDP reports pointed toward slowing growth in the Swiss economy.
The rise of geopolitical tension in Syria Today, on November 24, with Turkey shooting down a Russian plane near the Syrian border, meant that there was again demand for safe-haven currencies.
The Chairman of the Swiss National Bank, Thomas Jordan, made a dovish statement on Tuesday, stating that the Swiss franc remains significantly overvalued.
The Swiss franc rose against the US dollar on August 28, 2015. Better-than-expected GDP (gross domestic product) figures lifted the sentiment for the franc.
