Strong Franc is hurting Swiss export prospects

Note: This section contains information in English only.
Source: Bloomberg
With emerging market currencies depreciating against the Franc and growing production costs in Switzerland exporters are starting to worry. As the SNB is still holding onto the 1.20 cap against the Euro this year the currency has jumped 14.2% against the Rupiah and 13% against the Lira. These rises have already contributed to large losses in sales such as the $1 billion for the cement company Holcim.
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Wed, 13 Aug 2014 12:14:10 GMT

Carney sees non-UK risks potentially weighting on the economy

The Bank of England governor Mark Carney claimed that the geopolitical risks and Euro zone's frailty could hinder the UK economic recovery. As the labour market report today showed mixed signals with the unemployment numbers dropping and wages falling he also added that interest rates should only be raised gradually and by a limited amount. In addition after Carney's speech the Pound reached its lowest

Wed, 13 Aug 2014 11:41:11 GMT

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