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SNB to succeed against the referendum? – DB

FXStreet (Barcelona) - According to Analysts at Deutsche Bank, recent news from FT shows SNB having an upperhand against the Gold referendum, and will likely succeed in beating back the initiative.

Key Quotes

“Just before we look at the rest of the day ahead, the FT has reported that recent polls in Switzerland show the Swiss National Bank succeeding in beating back the initiative that would force the central bank to hold at least 20% of its assets in gold ahead of the vote at the end of the month.”

“The latest figure from Gfs Bern agency found that support for the initiative had dropped to 38% from 44% last month, with the opposition figure rising to 47%. Gold declined 1.2% yesterday following the news and is 0.3% lower this morning.”

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