SEK: Guided by politics - ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING suggest that the politics will dominate Swedish markets this week, where Wednesday will see the centre-right Moderates try to secure their leader, Ulf Kristersson, as the next Prime Minister.

Key Quotes

“The vote will be close and should help the SEK should it succeed, but failure should not necessarily be a knock-out blow for the SEK. We say this because there would still be a chance of 2019 budget proposals being approved a day later, which would end some welcome uncertainty.”

“This week will also see Swedish October CPI, which may come in on the high side and cement expectations of a December Riksbank rate hike. Those expectations may hold until some softer 3Q18 Swedish GDP data is released at the end of the month.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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