Mention of further rate cuts among the chatter. Not got a definitive source yet so will update.
EUR/CHF took 40 odd pip bounce moments ago and this might explain some of that.
Update: Just seen a note from Socgen saying that the SNB could attempt to offset deflationary pressure through a QE program and/or further rate cuts.
That might be where this has come from
I’ll finish off the PMI post now
