If a GBP/CHF trade is made on the spot foreign exchange market on Tuesday, when will the two currencies be settled if tomorrow (Wednesday) is a bank holiday in the U.K.?
A.
Both currencies will be settled value date Friday
B.
GBP will be settled value Friday, CHF value Thursday
C.
Both currencies will be settled value Thursday
D.
GBP will be settled value today, CHF will be settled value Friday
Chosen Answer:
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