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Pricey Swiss mortgages add to Brexit battering of Poland's zloty

Published Wed, Jun 22, 2016 · 09:50 PM
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Warsaw

THE US$36 billion of Swiss-franc mortgages owed by Poles is giving investors another reason to avoid a country they already see as among the most at risk if the UK votes to leave the European Union on Thursday.

While a weekend poll showed the "Remain" camp pulling ahead, market nerves this quarter as the so-called Brexit vote neared have driven Poland's currency 4 per cent lower against the franc, which is traditionally used as a refuge by investors.

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