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    Swiss franc a good Brexit trade says Rabobank

    Rabobank have said that they see the EURCHF falling to 1.0500 on a Brexit whilst a vote to stay will see it push back up towards 1.10. Furthermore they see the Swissy performing well if the outcome of the vote is close. If we do see a move lower to 1.05 that may bring further policy action from the SNB with intervention coming before another rate cut. 

    The Swiss National Bank meet next Thursday at 08:30 with most observers expecting rates to be kept on hold at -0.75%

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

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