USD/CHF holds above 0.97 handle on SNB’s comments post-Brexit

The major is seen consolidating the 250-pips rally witnessed earlier on the day, in response to the aggressive CHF selling backed by a Brexit win.

The final outcome of a Brexit vote stood at 51.9% Leave vs 48.1% Remain, finally declaring a Brexit victory.

However, the upside lost momentum after the SNB headlines hit the wires, with the central bank making a post-Brexit statement, noting that they are active and ready to intervene in the fx markets.

The USD/CHF pair ran through fresh offers near 0.9780 region on SNB comments and now trades around 0.9740 levels, still up +1.57% on the day.