The Bank was widely expected to hold rates unchanged and only flag future tightening, mostly in response to the ECB. Meanwhile a 50bp hike from the record low -0.75% takes them ahead of the ECB (-0.5)
CHF gains, EURCHF dives below 1.03. The pair tested parity after Ukraine invasion but moved upwards partly on a belief that the SNB would lag behind ECB in tightening. With this not being the case now, is the parity back on the table?

Three Markets to Watch Next Week (12.12.2025)
BREAKING: UK GDP and manufacturing lower than expected 📉Final German CPI in line with expectations
Morning wrap (12.12.2025)
Daily summary: SILVER at a new ATH, EURUSD at its highest since October