If you think the euro zone turmoil is the only currency game in town, you'll miss a nice trading opportunity further north.
Sure, it's fun to watch the euro bounce around like a ping pong ball. But don't let it hypnotize you: the Bank of England is meeting on Thursday, and that's creating a trading opportunity, says Andrew Busch, global currency and public policy strategist for BMO Capital.
With the British economy slowing, Busch sees three possible outcomes from the meeting. The bank could essentially do nothing, undertake minor quantitative easing on the order of 25 billion pounds, or do more.
"If they do another big tranche like they did last time, 75 billion sterling worth of new QE, that's when we want to step in and sell sterling and we want to buy Swiss francs," Busch told CNBC's Melissa Lee.