A surprise decision to remove a cap on the Swiss franc sent markets into fresh turmoil today but helped the pound climb to a near-seven year high against the euro. The strength of sterling will help UK holidaymakers visiting the likes of Spain, Greece and France this year, but is not good for skiers heading to the Swiss Alps. It could also spell trouble for British firms whose goods have become more expensive for potential export customers on the continent. There were fears it could also leave a nasty taste in the mouth for chocolate lovers ahead of Easter as it could mean a price hike for the country's confectionery products.
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Swiss central bank shocks world markets by unleashing exchange rate
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Pound sees further rises against euro but drops against Swiss franc
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Bonus for holidaymakers going to Spain, Greece and France but not for skiers heading to Swiss Alps
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Fears the soaring Swiss currency might increase chocolate prices
@placeholder made further gains against the single currency today in the wake of the Swiss announcement