SEK stays vigilant on politics – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, gives her views on the Swedish political scenario and the Krona.

Key Quotes

“EUR/SEK edged higher after Ulf Kristersson said that the door to form an Alliance government with support from Social Democrats (SD) is closed. The announcement just underlines how difficult it is to form a government in Sweden; this is set to continue until 16 October”.

“That said, even when a government has been formed, the next challenge (trickier) is to get a budget through the Riksdag; a new election might be avoided in the end, though it is far from certain”.