Swiss National Bank head Jordan at his press conference still 16 June 2016

  • in Swiss interests that UK remains in EU
  • SNB can act via FX intervention and interest rates if needed
  • current mon pol appropriate for base scenario
  • wouldn't make sense to move away from neg rates in current environment
  • another rate cut is possible
  • Brexit would require new GDP/CPI forecasts

That' ll be the least of your worries mate.

  • no signs of cash hoarding in pvt households at the moment

Certainly not in the UK ether. Chance would be a fine thing.

Zurbruegg:

  • recent market turbulence showed how important it is to strengthen banks' resilience

Maechler:

  • exemption thresholds are high but banks do feel impact of neg rates

USDCHF and EURCHF 0.9607 and 1.0824 still unfazed understandably on the same old song.

Central Bank city this morning and there's more to come with the BOE next up the ramp at 11.00 GMT