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SEK
GBPSEK trades just shy of yesterday's high, noted initial target earlier, at 11.4391 (printed 11.4361 high).
  • SEK is now down versus all majors, 0.74% against the pound in G10 and close to 1% (0.92%) against the ZAR in EM.
  • Local desk have only noted some position unwind and thinner turnovers.
  • Looking at USDSEK, the pair is now above this week's high (8.6864), with next resistance seen towards 8.7294

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