Recurring series

FX View

Finvaulta tracks 6 editions of FX View from Société Générale, published between August 10, 2026 and September 23, 2026. Each edition is summarized on its own page.

Latest edition · September 23, 2026

FX View Making the case for a stronger Krona

Societe Generale recommends short GBP/SEK positioning ahead of imminent central bank decisions from the Riksbank, SNB, and Norges Bank. The Swedish Krona is expected to gain support from superior consensus GDP growth forecasts of 2.2% in 2026 and 2027 and expected rate hikes starting in November.

In this FX View update, Societe Generale highlights that short GBP/SEK looks particularly compelling ahead of central bank meetings by the Riksbank, SNB, and Norges Bank. While markets price low odds of a Riksbank move immediately, a 90% probability of a hike in November and another in Q1 next year is priced in. Sweden's consensus GDP growth forecast of 2.2% in both 2026 and 2027 materially outpaces European peers like Switzerland (1.3%), the UK (1.2%), and the Eurozone (0.9%), setting up a favorable macro backdrop for a stronger Krona against the pound.

Read the latest edition in full

Key takeaways from the latest edition

1.Short GBP/SEK is an appealing trade ahead of upcoming central bank meetings, with the Swedish Krona poised to benefit most from central bank decisions.
2.The market prices a 90% probability of a Riksbank rate hike in November and another hike in Q1 2027, backed by superior Swedish GDP growth forecasts (2.2% in both 2026 and 2027).
3.Global excess savings that previously supported US outperformance are shrinking, though US returns remain relatively attractive for now.

What this series covers

Making the case for a stronger Krona
European PMIs (and rates) favour a slightly softer pound

Edition archive

Series at a glance

Editions tracked: 6
First edition: August 10, 2026
Latest edition: September 23, 2026

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