GBP to SEK Exchange Rate Reaches 4-Month-Best as Sterling Capitalises on Krona's Weakness
February 5, 2021 - Written by John Cameron Despite stronger than expected Swedish data today, the Swedish Krona’s bearish streak continues, and the British Pound to Swedish Krona (GBP/SEK) exchange rate has been able to capitalise on that this week. Investors piled into the Pound on Bank of England (BoE) news yesterday, making it even easier for the bullish Pound to sustain big gains against the bearish Swedish Krona over the past week. It’s been another broadly bullish week for GBP/SEK. The pair opened the week at the level of 11.45 and has spent the week trending with an upside bias.
Source: currencynews.co.uk