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GBP/SEK Within Range of YTD Highs, 2022 Extremes Just Beyond

GBP
  • GBP/SEK extending recent outperformance, putting the cross on track to test the YTD and multi-year highs at 12.9374 printing on Jan31.
  • The cross has now printed higher highs for six consecutive sessions however the 14-day RSI is yet to flag the cross as technically overbought. Strength through that mark puts prices at the best levels since early last year - with the high watermark at 13.6640.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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