GBP/SEK Close to 19-Year Highs as Swedish Riksbank cuts rates to 2.75%
The Swedish Riksbank cut interest rates by 50 basis points to 2.75% at the latest policy meeting, in line with consensus forecasts. The Euro to Krona (EUR/SEK) exchange rate was little changed around 11.63 while the Pound to Krona (GBP/SEK) exchange rate edged higher to 13.97 and close to 19-year highs of 14.04 recorded.
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