FOREX-Euro rises against Swiss franc, stg falls on BoE

FOREX-Euro rises against Swiss franc, stg falls on BoE : LONDON, Feb 16 (Reuters) - The euro rose against the Swiss franc on Wednesday after the Swiss government announced steps to deal with a strong franc, while sterling fell as the Bank of England dampened hawkish interest rate expectations.

Sterling GBP=D4 fell to the day's low of $1.6040, compared with around $1.6140 before the Bank of England's quarterly report on inflation was released. It also lost ground against the euro, with the common currency rising to a session high of 84.29 pence EURGBP=D4 from 83.85 pence.

The euro also rose against the Swiss franc EURCHF=, jumping 85 pips to 1.3130 francs in a knee-jerk reaction after the Swiss government said it was taking measures to deal with a strong currency by providing support to exporters. The single currency later pulled back to 1.3070 francs. [ID:nWEB9476] Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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