The last week has seen the SEK rally faster than expected. Kit Juckes, Chief Global FX Strategist at Société Générale, reports. Is time running out to
The last week has seen the SEK rally faster than expected. Kit Juckes, Chief Global FX Strategist at Société Générale, reports.GBP/SEK peaked at 14 in August and is down to 13.33 now but our forecast for Q3 next year is 12.50 so there should still be some merit in buying some more Krona here.
In recent months, what has held it back was the Riksbank reluctance to keep up with the ECB’s rate hiking pace, and the perception that the real estate sector is its Achilles Heel in a rising rate environment. But once rates have clearly peaked and if the sky doesn’t fall in, it’s not clear this pessimism is justified anymore.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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