Friday, the Swedish krona retreated slightly at the start of the session, after strongly rallying to the pound in the previous session.
The British pound exchange rate against the Swedish krona fell 0.6% to 12.3968.
Today at 06:45 UTC the GBP / SEK is trading + 0.1% at 12.3977 which should be a relatively calm trading day given that European markets are closed for Good Friday and the long Easter weekend.
There is no economic data to be released in Sweden or the UK, so data and sentiment on coronaviruses should boost trade.
UK economy slows before coronavirus epidemic
On Friday, the pound rose cautiously at the start of the session, as news that British Prime Minister Boris Johnson is out of intensive care is offset by news of 881 daily coronavirus deaths, indicating that the United Kingdom still has not reaches its peak and must therefore remain locked. .
Foreign Minister and Acting Prime Minister Dominic Raab said more data was being collected and that he did not expect to be able to say more about the lockdown until the end of next week. The longer the lockdown, the more difficult the economic impact will be.
The pound fell against the Swedish krona in the previous session, after data revealed that the British economy was in fragile territory even before the coronavirus epidemic. Data from the Office of National Statistics showed that GDP in the three months to February rose 0.1% lackluster. At the same time, economic growth in February contracted by -0.1%. Simply put, the UK economy was in bad shape before the economic foreclosure
Swedish crown slips as Covid 19 dead
The Swedish crown made progress this week despite questions raised about Sweden’s relaxed approach to the coronavirus epidemic. Sweden is one of the only European countries not to be locked, with schools, restaurants and bars still open.
However, the Swede is under pressure today after an increase in the number of coronavirus-related deaths. The number of coronavirus-related deaths has increased to 809, while the number of confirmed cases is 9,245. This puts the death rate at 8.7%. This is considerably higher than the other Scandinavian countries which have adopted a much tighter lock-in regime.
Investors will continue to pay close attention to statistics on coronaviruses.