Forecast: The Pound Dollar pair recovered the modest spot lost during trading hours in Asia, operating flat during the day around 1.2870. The publication of the British Rightmove House Price index at the beginning of the day barely affected the pound, although house prices fell 0.9% in August and compared to the previous month, the biggest drop for this year. Compared to the previous year, prices…Continue
Added by Cristian Sánchez on August 23, 2017 at 7:17am — No Comments
Today, Swiss demand deposits have fallen from CHF 476.3 billion to CHF 470.3 billion, while the EUR / CHF is being pushed upwards and is now consolidating around CHF 1,1350 per euro. We began to see a slowdown in the growth of demand deposits. Foreign exchange reserves have increased sharply in July as the CHF weakened. We take into account that, for the moment, the SNB does not need to intervene as much as it intervened in the past.
Added by Cristian Sánchez on August 23, 2017 at 7:00am — No Comments