ZURICH—The undisputed king of currencies is Switzerland’s franc. The next move higher, which would put further pressure on the country’s exporters and the central bank, could come with the U.K.... Peter Kugler, a professor at the University of Basel, reckons the franc has appreciated at a rate of 1% a year against the dollar and pound—for the past century. And these days no one is more disappointed by that fact than the Swiss.

Source: Wall Street Journal June 15, 2016 19:20 UTC