The presumption of all elites is that they can do a better job of running things than people who are less well educated, less informed, or less intelligent.
Looking ahead to the coming week, the economic indicators due to be released are not likely to be groundbreaking for the British pound and may not provide enough impetus to push the GBP/USD back above its 200-day moving average.
Sharp moves in Swiss Retail Sales results or Producer and Import Prices could force volatility, but the major risk to the Swiss franc remains any and all SNB rhetoric on its recent strengthening.
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