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SNB Jordan: Yes vote on gold initiative would make it harder to defend cap

FXStreet (Bali) - SNB President Thomas Jordan said in interview with Blick, via Bloomberg, that a Yes vote on gold referendum initiative would make it harder to defend cap in EUR/CHF. Jordan added that "SNB will at some point reduce balance sheet again, though risks now too big."

BoE likely a non-event - RBS

According to RBS, BoE monetary policy meeting today is likely going to be a non-event.
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EUR/USD back above 1.2500, ECB in focus

EUR/USD started the day at 1.2485 and managed to get back above 1.2500 pivot; currently the pair is trading at 1.2520, off the Asian high at 1.2530.
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