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How 'Brexit' Possibility Is Impacting Currencies

The chance that Britain may exit the EU is affecting not just the pound, but the Swiss franc and the euro as well.

By Anchalee Worrachate, Bloomberg | Updated on March 25, 2016

The battered pound may rally about 9 percent against the Swiss franc if Britain votes to remain in the European Union, according to UBS Wealth Management, which manages about $2 trillion.

A vote by Britain to exit the world’s largest trading bloc has the potential to move the pound, which has slid 6.9 percent against the franc this year, down by a “decent amount” versus its Swiss peer, which would act as the “ultimate” haven in such a scenario, the Zurich-based wealth manager said.

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