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The Norwegian Krone rallied broadly in the final session of the week as new highs for local inflation prompted the market to reconsider the outlook for Norges Bank interest rates and drove GBP/NOK further away from post-pandemic highs in what could be the beginning of a deeper setback for Sterling.
June 9,2023
The Swedish Krona has been one of the biggest fallers on the market in the recent month and a relative underperformer for much longer but enduring trends in other major currency exchange rates suggest inflation has been a prominent driver of the losses and that a clear moderation of it could catalyse a recovery for the Krona.
June 8,2023
Turkish Lira forecasts have been downgraded at Commerzbank following President Tayyip Erdogan's successful re-election.
June 2,2023
GBPTRY rallied by over a per cent in value to 24.63 at the start of the new week as wrong-footed investors braced for another term of unorthodox policies under President Erdoğan.
May 15,2023
The Krona was weaker after Riksbank, Sweden's central bank, hiked its policy rate by 50bp to 3.50% but gave 'dovish' guidance that implied it was close to ending its rate hiking cycle.
April 26,2023
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