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UK’s Hunt: News from Swiss authorities about Credit Suisse is encouraging

UK Finance Minister Jeremy Hunt said in a statement on Thursday, “news from Swiss authorities this morinng about Credit Suisse is encouraging.”

He added that they are “following the situation relating to Credit Suisse along with BoE (Bank of England).”

Market reaction

GBP/USD is trading around a flatline so far this Thursday, keeping its range near 1.2070, as of writing.

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