Bookie taps €1bn call option on Swiss franc, hopes for SNB floor hike
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Bookie taps €1bn call option on Swiss franc, hopes for SNB floor hike

One leading interdealer broker in London this week bought a €1bn euro call on the euro/Swiss franc exchange rate in anticipation of the Swiss National Bank (SNB) raising the enforced Sfr1.20 ($1.32) floor on the rate to Sfr1.25 in a bid to combat deflation.

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