FXStreet: The removal of CHF controls and it's far reaching implications – Tip Tv

FXStreet (Barcelona) - In today’s video, FXStreet’s Craig Drake and the Tip Tv Team discuss about the implications of SNB’s decision to abandon its CHF floor.

Key Quotes

“The announcement by the Swiss National Bank yesterday that it would cease to defend the CHF1.200 level - referred to only last week by SNB chairman Jordan as a "cornerstone of SNB policy" - has far reaching consequences beyond Switzerland. With quantitative easing from the ECB seen by many as imminent, the removal of CHF controls returns opens it up to absorb some of the haven flows that might otherwise head into JPY and others.“