Weaker than expected CPI with the..........>

EURO-SEK: Weaker than expected CPI with the headline number remaining at 2.3%Y/Y

(exp to rise by 0.1% to 2.4%) and CPIF falling to 2.4% Y/Y from 2.5% (exp to

rise by 0.1% to 2.6%). This will be a key piece of information for the Riksbank

ahead of their decision over whether to hike in Dec or Feb. EURSEK back to

challenging the 10.2855 level. It is worth noting that we will receive the Nov

print of CPI on Dec12 ahead of the Riksbank decision on Dec 20. With lots of

sell side citing short EURSEK recommendation (following our call for EURSEK

lower on Thurs last week), this could well see a pause in bullish SEK moves in

the short-term. If we remain below 10.30 and the 200-dma at 10.3162, EURSEK

downside pressures should remain.