Market jitters send Swiss franc to 10-year high on euro, pound stumbles

By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -Currency markets swirled on Friday as a selloff in stocks sent investors to the safe-haven Swiss franc, which hit its strongest to the euro since 2015, while the pound was hurt by a report the UK budget this month will not see expected income tax rises. There are multiple cross currents in markets at present, but most fundamentally, the moves come as traders now see a Federal Reserve rate cut in December as much less likely than they did a few weeks ago. More Fed officials signalled caution overnight over further easing, citing worries about inflation and signs of relative stability in the labour market. Investors now see just over a 50% chance of a 25-basis-point cut in December, although odds for such a move in January are almost fully