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February 1, 2021 - Written by Frank Davies Pound Swedish Krona Exchange Rate Trends Higher on Disappointing Swedish Growth The Pound to Swedish Krona (GBP/SEK) exchange rate rallied sharply as the fourth quarter Swedish gross domestic product proved weaker than forecast. While forecasts had pointed towards the growth rate slowing sharply on both the year and the quarter investors were still discouraged by the negative nature of the data. Growth plunged -2.6% on the year in the fourth quarter, highlighting the extent of the Covid-19 pandemic’s impact on the Swedish economy. Coupled with a general sense of market risk aversion this left investors with little reason to favour the Swedish Krona at the start of the week. ....