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Swiss franc leaps 15% after cap on euro is lifted

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The Swiss franc soared by 15 per cent on Thursday after Switzerland's central bank scrapped its three-year-old cap against the euro, sending a shockwave through currency markets.

London

THE Swiss franc soared by 15 per cent on Thursday after Switzerland's central bank scrapped its three-year-old cap against the euro, sending a shockwave through currency markets.

The euro plunged as much as 30 per cent below the 1.20 cap to 0.8500 francs per euro at one

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