UK’s Hunt: News from Swiss authorities about Credit Suisse is encouraging

Dhwani Mehta FXStreet

UK Finance Minister Jeremy Hunt said in a statement on Thursday, “news from Swiss authorities this morinng about Credit Suisse is encouraging.”

He added that they are “following the situation relating to Credit Suisse along with BoE (Bank of England).”

Market reaction

GBP/USD is trading around a flatline so far this Thursday, keeping its range near 1.2070, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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