Category: Currency Derivatives
Published: 29 February 2016
The market was mainly focused on the Brexit story last week as Boris Johnson, the popular Mayor of London, publicly supported an exit of the United Kingdom from the European Union. The upcoming discussions surrounding a potential Brexit will therefore continue to weigh heavily on the pound sterling.
Meanwhile in Switzerland, SNB Chairman Jordan warned the ECB about the potential negative effects of an excess use of unconventional measures such as negative interest rate. Finally, in Mexico the pesos should remain under pressure due to years of under-investment in oil infrastructure.
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