REFILE-Brexit could increase upward pressure on Swiss franc

June 19, 2016 1:14 PM

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VIENNA, June 19 The European Union's need to set out a new vision for the future if Britain votes to leave the bloc will weigh on the euro and could increase upward pressure on the Swiss franc, UBS chairman Axel Weber said on Sunday.

"If Britain should leave (the EU), the next pending question is what implication does that have on the further development of the EU," the former top official at the Bundesbank said on SRF 1 television.

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