Pound Slips, Swiss Franc Can't Stay Down
The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.
The Bank of England lowered its growth forecast, and the pound slipped. [CNBC]
The Swiss National Bank eased monetary conditions and the Swiss franc fell - but not for long. [WSJ]
Japan sold yen and eased monetary policy, and the yen slipped from extreme highs. [CNBC]
The dollar is gaining back a little ground, but traders don't expect it to last given the Fed's new policy stance. [WSJ]
Trying to stem the lira's fall, Turkey lowered its dollar lending rate - and the lira rose. [dailymarkets.com]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.
"Money in Motion Currency Trading" repeats on Saturdays at 7pm.