Saxo Group Videos

Beecroft: Swiss shock but will ECB stun?

Traders are still mulling over the shock Swiss move as markets try to seek a sense of normality ahead of Thursday's ECB meeting.

Nick Beecroft, Chairman of Saxo Capital markets, gives us his thoughts from London, a global financial centre which handles 40% of all FX transactions daily.

Nick fears an incremental approach from the ECB rather than 'shock and awe'. That would, in his opinion, do little to soothe the nerves of frazzled FX markets. He also warns of contagion to other currencies pegged to the Euro and is now bullish on EURUSD.

02:37 minutes
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