{"id":95987,"date":"2020-02-13T02:30:18","date_gmt":"2020-02-13T07:30:18","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=95987"},"modified":"2020-02-13T02:53:40","modified_gmt":"2020-02-13T07:53:40","slug":"102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\/","title":{"rendered":"GBP\/SEK: Swedish Krona Drops As Riksbank Pauses"},"content":{"rendered":"<p>The Swedish Krona trended lower versus the pound for the fourth straight session after the Riksbank kept monetary policy unchanged. The pound Swedish krona exchange rate advanced 0.1% to close on Wednesday at 12.4836. The Swedish Krona is edging lower once again as trading kicks off on Thursday.<\/p>\n<h3><strong>Swedish Krona<\/strong><\/h3>\n<p>The Swedish Krona drifted lower in the previous session after the Swedish central bank, the Riksbank, signalled a pause in monetary policy. The central bank hiked the repo rate out of negative territory in December but have kept rates on hold in the first meeting of 2020. Furthermore, the Riksbank signalled a prolonged pause, with rates expected to be on hold now until 2023.<\/p>\n<p>There are of course risks to the Swedish economy. The most obvious and near-term risk is coronavirus. The Riksbank were more vocal over the risks associated to the spread of the virus that other central bankers have been this week given that Sweden is particularly exposed to supply chain disruption.<\/p>\n<p>Additionally, the inflation outlook remains rather bleak, owing to lower energy prices. Although policymakers are predicting an uptick in wages over the coming year.<\/p>\n<p>The Riksbank indicated that a rate cut or a rate hike look to be a fairly long way off. As a result, there was little for Swedish Krona investors to get excited about. Furthermore, with a rate hike so far off, the Swedish Krona is not considered an attractive currency particularly versus its peer the Norwegian Krona which is currently experiencing higher inflation.<\/p>\n<h3><strong>Pound<\/strong><\/h3>\n<p>The pound is trading with a positive bias as investors continued digesting Boris Johnson\u2019s spending plans and despite heightened rhetoric between the UK and EU officials.<\/p>\n<p>Even though Brexit trade deal negotiations won\u2019t be starting until March both sides are making their positions clear. Yesterday the European Parliament approved a tough opening position for talks with the EU.<\/p>\n<p>The UK will be expected to follow EU policies in a host of areas in exchange for an ambitious free trade deal. The EU language has toughened considerably and whilst the pound was able to move higher, such fighting talk will increase fears of no trade deal being reached and is expected to limit any upside for sterling across the coming months.<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The Swedish Krona trended lower versus the pound for the fourth straight session after the Riksbank kept monetary policy unchanged. The pound Swedish krona exchange rate advanced 0.1% to close on Wednesday at 12.4836. The Swedish Krona is edging lower once again as trading kicks off on Thursday. Swedish Krona The Swedish Krona drifted lower [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":65093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1698],"tags":[1396,1386,1394,1614,1391,1673,1646,1392,1647],"class_list":["post-95987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-sek","tag-boris-johnson","tag-brexit","tag-gbp","tag-interest-rate","tag-pound","tag-riksbank","tag-sek","tag-sterling","tag-swedish-krona"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/SEK: Swedish Krona Drops As Riksbank Pauses - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/SEK: Swedish Krona Drops As Riksbank Pauses\",\"datePublished\":\"2020-02-13T07:30:18+00:00\",\"dateModified\":\"2020-02-13T07:53:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\\\/\"},\"wordCount\":624,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-SEK-Krona-Surges-against-Pound.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"gbp\",\"interest rate\",\"pound\",\"Riksbank\",\"sek\",\"sterling\",\"swedish krona\"],\"articleSection\":[\"GBP\",\"SEK\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102367-gbp-sek-swedish-krona-drops-as-riksbank-pauses\\\/\",\"name\":\"GBP\\\/SEK: Swedish Krona Drops As Riksbank Pauses - 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