Interest rate decision due at the bottom of the hour 08.30 GMT.

Expect the SNB to keep rates on hold

Presser due at 09.00 GMT and I think Thomas Jordan will keep rhetoric along the same lines as before with a repeat of peg defence whilst also giving a generally more upbeat assessment of the economy.

It’s a fine line to tread so we shall keep a close eye on what he says and indeed, doesn’t say

Barrier defence at 1.2200 but 0.8850 was broken yesterday and I do expect rallies to be sold into on both still if rhetoric as expected

Currently 1.2227 and 0.8865