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: EURUSD, CH50cash, OIL (08.05.2026)
BREAKING: US Labor Market Stronger Than Expected, While Wage Pressure Eases. EURUSD gains!🚨
📈 EURUSD up 0.4% before the NFP
Economic calendar: NFP and central bankers to fight for the spotlights with war updates (08.05.2026)