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A minor point in comparison to the trade......>

SWISS
SWISS: A minor point in comparison to the trade war developments, but it is
Monday so that brings Swiss sight deposit data.
- As we pointed out last week, the scale of the increases in sight deposits
looks less impressive in the longer run (zooming out on the chart), but there is
a clear trend of increases in recent weeks, which is indicative of SNB
intervention to quell the strength of the CHF.
- Chart: https://emedia.marketnews.com/marketnewsintl/SZSightDeposits260819.png
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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