GBP/SEK Price & Performance (GBPSEK)

Sweden’s Riksbank has opted to keep its key interest rate at 2.25%, reflecting a stable economic outlook despite persistent inflation above its 2% target. The Bank of England also maintained its rate at 4.5%, signaling a cautious approach amidst global uncertainties. GBP/SEK ended the week almost flat, showing minimal movement.1

The British pound remains under pressure against the US dollar, with GBP/USD hovering near multi-month lows. Subdued UK economic growth and a robust dollar are key factors. Analysts suggest technical buying may provide temporary relief, but macroeconomic catalysts are needed to reverse the bearish trend.2

CoinShares International announced the exercise of 25,000 employee share options, raising GBP 35,750. This brings the total number of shares issued to 66,678,210. The company, a leader in digital asset investment, continues its operations across several global financial markets, emphasizing its strong position in the crypto sector.3