US Apr Chicago Fed National Activity Index: -0.53 vs -0.23 in Mar

May 20, 2013

Sterling 1.5200

The pound managed a weekly close below the handle 1.52. The market has been expecting a test of lower levels, but support at 1.5160 has held and cable still trades around the handle 1.52.

EUR/CHF orbiting around 1.2455/60

The Swiss franc is trading almost unchanged against the single currency on Monday, although keeping last week’s range between 1.2400 and 1.2500....