We recommend a buy order for GBPSEK

Review: The Riksbank kept its rate unchanged. Sweden: Unchanged rate announced by the Riksbank and surprisingly tough rhetoric. We must say that the Riksbank surprised us. We did expect that the Riksbank would keep its interest rate unchanged, but we also expected that it would attempt to send ‘soft’ rhetorical signals in order to avoid appreciation of SEK. This did not turn out to be the case – rather on the contrary. In a subsequent comment, Central Bank Governor Ingves stated that SEK is at

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We recommend a buy order for GBPSEK