Swiss National Bank due to announce rate decision at 13;00 GMT. It’s not really the rate decision which is awaited if truth be told. There is a strong consensus rates will be left on hold at 0.25%. Rather the market will be watching for any change in rhetoric regarding swissy strength. At December’s meeting SNB said it was choosing to prevent “excessive appreciation” as opposed to previous “any appreciation.”
Any further percieved, or actual, softening in tone would likely see 1.4600 in EUR/CHF give out in double-quick time.
