Seems to me there is no way the SNB can fiddle with the peg to the euro at 1.20 so long as Chairman Hildebrand remains at the helm.
Stories emerged yesterday that Hildebrands wife shorted Swissy ahead of the imposition of the peg and today the Swiss press reports that it was the SNB boss himself that pulled the trigger.
In the words of the Clash:
Wave bub-bub-bub-bye to the boss It’s our profit, it’s his loss
