Update: ‘Union Emerges Victorious with 2-0 Win Against Lugano’

The football match between Union Saint-Gilloise and Lugano in the UEFA Europa League Playoff Rounds culminated in a thrilling 2-0 triumph for Union Saint-Gilloise. This remarkable victory serves to highlight the sheer determination, resilience, and competitive spirit of Union Saint-Gilloise. The first half of the match brought about an impressive display of the team’s defence with Dennis Eckert Ayensa putting Union at the vanguard with the first goal in the 8th minute.

Lugano had its opportunities throughout the second half with a few of their attempts making it close to Union’s goal. However, Union’s defence remained unyielding. Despite some tense moments involving fouls that earned yellow cards, Union Saint-Gilloise mastered the field.

Casper Terho struck home the second goal during the 71st minute securing a significant victory for Union Saint-Gilloise in this pivotal stage of the UEFA Europa League. This victory underlines Union Saint-Gilloise’s performance in this important game, reaffirming their formidable stance on the European football stage.

Union faces FC Lugano

Royale Union Saint-Gilloise is going head to head with FC Lugano starting on 24 Aug 2023 at 18:30 UTC at Stade Joseph Marien stadium, Saint-Gilles city, Belgium. The match is a part of the UEFA Europa League, Playoff Round.

This game will mark the first-ever meeting between Union and Lugano. It promises to be an exciting game as Union enjoyed a brilliant start to their Jupiler Pro League campaign, picking up wins over Anderlecht, Standard Liege and Leuven in their first three matches.

We took this opportunity to ask our experts for their outlook on the Swiss Franc in retrospect and current status.

Swiss franc leads the pack, leaving other safe havens in the dust

“The Swiss franc has been one of the best-performing currencies in the G10 so far this year, having rallied by almost 4% against the euro and significantly outperformed its safe-haven counterparts – the US dollar and Japanese yen. Meanwhile, the EUR/CHF pair has fallen to its lowest level in 10 months, just above the psychological mark of 0.95”, states Roman Ziruk, Market Strategist at Ebury.

He continues – “We attribute this outperformance to a confluence of factors. Firstly, the Swiss National Bank has maintained its hawkish bias, despite the recent decline in inflation, and looks on course to raise rates again at its next monetary policy meeting in September. Importantly, the SNB has also intervened in the FX market. In recent months, the bank has focused on selling its foreign currency holdings in an attempt to prop up the franc and alleviate inflationary pressures. The franc has also benefited from safe-haven flows, particularly during the period of rapidly rising prices globally, which have heightened recession fears. Most recent concerns surrounding the weakness of the Chinese economy have presented headwinds for many currencies, but has been welcome news for the franc.”