The KOF leading indicators for Switzerland plunged to a new low for the cycle and the lowest level since mid-2009, a development that is no doubt raising eyebrows at the still leaderless SNB and among Swiss government officials. This comes at the same time we are seeing notable stabilization elsewhere in the Euro Zone economies. The Swiss may be getting restless soon on the intervention front.

But some experts predict a large number of immigrants from Eastern Europe, which Labour has warned could put pressure on British jobs and wages.

The young loggerheads then spend several years successfully navigating complex migratory routes over thousands of miles of ocean.

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· Timon of Athens at the National, Olivier