Switzerland’s executive bank pronounced on Friday that it intervened in a banking markets to deliberately break a Swiss franc in a issue of a British referendum result.
“Following a United Kingdom’s opinion to leave a European Union, a Swiss franc came underneath ceiling pressure. The Swiss National Bank has intervened in a unfamiliar sell marketplace to stabilise a conditions and will sojourn active in that market.”
— Swiss National Bank statement
The Swiss franc, that investors mostly spin to as a breakwater during times of tumult, strengthened during one indicate in a day to 1.0624 opposite a euro.