MARKET TALK: Inflation Data May Have Sparked CHF Move -BBH

1134 GMT [Dow Jones] Inflation data may have sparked CHF move says BBH noting that official figures published earlier Thursday showed Swiss CPI rose 0.6% in March, more than the 0.4% expected. "While it is true that in the past price pressures did end SNB efforts to prevent franc strength, that is most certainly not the case now," BBH says. Adds that while there is some debate as to whether the market actually traded below CHF1.20, the SNB has made its intentions known. "Ironically, the SNB's intervention to buy euros and sell francs may actually add to the pressure on the euro since it recycles the intervention proceeds," it says, adding that market talk suggests large leveraged accounts joined the SNB on the cross. EUR/CHF now at 1.2022