Galling

Remember how the soaring Swiss franc skittled almost everyone in the City?

Traders and investors were left "reeling" in mid-January when Switzerland unexpectedly abandoned its currency ceiling against the Euro.

The event - described as "one of the most damaging currency swings in the modern era"- saw the Swiss franc soar in value against most other world currencies. As a result, brokers, banks and investment funds in Europe and the US suffered heavy losses. ..

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Date: Tuesday, 10 March 2015, 9:26 pm

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