LONDON- UBS Global Wealth Management raised its three-month forecast for the euro against the Swiss franc to 1.15 francs from 1.12 francs earlier on expectations that the European Central Bank will stay the course on normalising policy.
"Our view remains...that there's no recession in sight and that the path towards ECB hiking has been pushed out to 2020 and is not fundamentally under threat," Thomas Flury and Daniel Trum, strategists at UBS said in a note.
(Reporting by Sujata Rao Editing by Tommy Wilkes) ((saikat.chatterjee@thomsonreuters.com; +44-20-7542-1713; Reuters Messaging: saikat.chatterjee.reuters.com@reuters.net))
