NEWS

Brexit debates in the British parliament make for a nervous week – however investors seem to have already discounted the decisions as movements in the euro franc exchange rate are modest. In addition, data on wage differences between men and women in Switzerland were published.

The new CHF 1000 bill was finally presented by the Swiss National Bank and it will be in circulation starting March 13th. This is the 5th denomination to be changed out to 6 planned for a new design series. Until now following denominations have been updated: CHF 10, 20, 50 and 200. The last denomination to be updated will be the CHF 100 bank note, which will be presented in September 2019. But what is to know about the new bills and design series?

According to the new figures of the Federal Statistical Office, about 314,000 cross-border workers commuted to Switzerland at the end of 2018.

The Swiss government announced a surplus of 2018 budget that is ten times bigger than forecasted. A huge amount of 2.9 billion Swiss Francs of surplus is still a preliminary figure. The difference between reality and expectations in terms of surplus is raising concerns.

The common eurozone currency slipped on Tuesday by 0.1 percent in exchange rate against the US dollar, as the economic slowdown denied the good influence of progress in the US-China trade talks that sent the euro up flying on Monday. Analysts expect tough week for the single currency.