Swiss Sight Deposits (CHF): Domestic 435.51bln (prev. 430.7bln), Total 467.46bln (prev. 459.7bln)
The increase in Swiss sight deposits suggests growing liquidity in the domestic banking system, with domestic deposits rising significantly compared to the previous report.
BoE's Greene says it is worth waiting a little while to see what happens with the Middle Eastern war and how it will propagate through the economy, speaking to Bloomberg's Odd Lots podcast
A member of Iran’s parliament said that ships should not be allowed to pass through the Strait of Hormuz without Iran’s permission, ISNA reported
Swiss Sight Deposits (CHF): Domestic 435.51bln (prev. 430.7bln), Total 467.46bln (prev. 459.7bln)
[MARKET ANALYSIS] Counting down to UK PM Starmer's reset speech at 10:00BST
Iran’s Foreign Ministry spokesperson Baghaei says "currently, we are focusing our discussions on ending the war and the uranium issue, which we will discuss later", Al Mayadeen reports
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This uptick could signal a shift in monetary policy expectations from the SNB, as higher liquidity might prompt speculation about future interest rate decisions and their impact on the Swiss Franc. Traders should consider these dynamics in the context of broader European monetary trends.
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