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Switzerland: Trade surplus narrows considerably in December

Swiss Trade surplus narrowed to CHF 1.030B billion in December from CHF 2.905 billion in November, according to data released today by the Swiss Statistics Office. Analysts expected the surplus to narrow less to CHF 2.500 billion.

Exports decreased to CHF 14.049B in December, from18.775B in November. Imports fell to CHF 13.046B, from CHF 15.830B.

Forex: GBP/USD in low around 1.5735

The sterling is following its European peer on Tuesday, grinding lower towards the 1.5735/40 region and printing session lows at the same time....
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