EUR/CHF and USD/CHF driven lower on widening peripheral Eurozone spreads, following the weaker EU data.
Early trigger was some sharp selling in GBP/CHF from a major swiss name, with Cable bearing the brunt initially.
EUR/CHF tripped some stops down through 1.2250 to the recent lows around 1.2216 with talk of stops now set on a break of 1.2200
