The outlook for the Swiss National Bank's interest rate cut remains uncertain, with the overnight hedging cost of the Swiss Franc seeing its largest increase since 2015

The Swiss National Bank will announce its interest rate decision on Thursday, with uncertainty surrounding the prospect of a rate cut. The overnight hedging cost for the Swiss Franc has seen its largest increase since 2015, and investors have been speculating on the Swiss National Bank's next steps. The overnight volatility of the Euro against the Swiss Franc has risen to its highest level since 2023. The Swiss National Bank may provide guidance to boost the Swiss Franc. The market is pricing in a 70% chance of a rate cut, while economists' views on the outcome are generally mixed. The Swiss Franc has risen by over 4% against the Euro as political turmoil in France has led investors to seek safe havens