IGM calls Swissie's 3m rise

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Informa Global Markets was one of the top five contributors on our Index to call this move, with its three-month prediction of 1.24 submitted on April 16. As well as the rate factor and the macro environment, the safe-haven impact helped the Swissie's rise, said Pete Luxton, global markets adviser at the firm. That has now fallen off to some extent, he added: "The markets have got used to Iraq now. Unless we get some major disruption that will be less of an issue."

But although Luxton now expect

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