snb is expected to keep policy rates on hold, but that is likely where similarities and.hey will likely take the opportunity to reiterate the need for negative policy rates because they are struggling in an environment of deflation and trying to keep contained a quite high value currency. now, going forward today we would expect to see possibly some upside to the currency, if we do see a hold. a bit of a pricing for a cut is there, but really going forward what we would expect to see is a decoupling occurring between the ecb and snb. when we look at the currency, since september, after strengthening most of the year, the swiss franc has lost some of its value, so this does provide some breathing room for the snb to keep rates on hold or even possibly cut next year, but ultimately we do expect them to continue to keep negative rates, the lowest across the world. angela merkel is meeting the new members of the social democrats after they asked for a series of concessions, so what can we expect? chris: it will be a process. angela merkel has been very adamant to say she's av

bare in mind that the snb made their decision more towards. that was one development we'll hear from the snb chairman coming up later today. if you want to get involved in the conversation, it is a big day. we are happy to discuss your ecb views. join us on line. >> coming up, a potential high stakes meeting is on the cards as washington mulls new tariffs chinese goods details after the break. (client's voice) remember that degree you got in taxation? (danny) of course you don't because you didn't! your job isn't doing hard work... ...it's making them do hard work... ...and getting paid for it. (vo) snap and sort your expenses to save over $4,600 at tax time. quickbooks. backing you. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. here, it all starts withello! hi!... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a came

we also have central banks the fed, the ecb, the snb also meeting this week as well.or investors to keep an eye on this morning and of course bear in mind also that friday was a positive day for european markets as well as wall street this is perhaps a little profit taking after the strong moves on friday let's look at fx markets we have seen some very strong movement in the pound over the last 24 hours or so. the sterling is up about 0.2% this morning above the 131 level as polls suggest that boris johnson and the conservative party are set to win a majority at the election. the euro trading slightly higher versus the dollar around 110.66. madame le garde first as chief of the central bank. >>> willem ♪ >> boris johnson said he's nervous about narrowing polls in the final days of the country's election campaign. before polling day on thursday, the uk prime minister will visit four separate constituencies currently represented by labour mps but voted in favor of brexit during the referendum. johnson promises that brexit will transform britain and lay lour will lay out

lower for longer today and at the s&p -- at the snb as well, and the euro didn't really move.ove. what does that tell us about what the market is pricing in? julia: that the world has acquiesced for lower for longer. one of the key reasons is there isn't a the growth driver we are seeing. expresseslagarde optimism that maybe we can move a little higher in growth, but there's no strong growth impulse from fiscal, not from china, not from the usual suspects. we may very well be in a benign does thent where growth come from? tony: as an investor, you have to increasingly look at free cash flow of companies. their ability to pay dividends, grow those dividends, buy back stock. a lot of the earnings growth is going to come from that. alix: do you think we are going to have a peak margin conversation that is going to dent that? wages are rising and there's not as much pass-through. is that a story for 2020? i know we've tried to make a story. [laughter] tony: it isn't an issue for the market as a whole because there's expectation that margins will increase. stuck specific work becom