Tag: alpari

Swiss squeeze busts West Ham sponsor

As I speculated yesterday, there was bound to be some companies that couldn’t absorb the losses from the decision by Swiss to suddenly free float their currency.

The first victim to come to the fore is Alpari, they posted a rather sombre statement on their web site: –

https://www.alpari.com/company-news/posts/2015/january/important-announcement/

The key part reads: –

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted …