GBP to SKK - Fundamental Outlook?

[squaregains]

Been transferring over GBP to SKK over the last few months to fuel an investment. In that time the SKK has appreciated a fair bit but I an wondering if this has been overdone and if a reversal is due w.r.t GBP to SKK.

Thoughts from a fundamental and technical POV welcomed….

 

[chrislang]

Been transferring over GBP to SKK over the last few months to fuel an investment. In that time the SKK has appreciated a fair bit but I an wondering if this has been overdone and if a reversal is due w.r.t GBP to SKK.

Thoughts from a fundamental and technical POV welcomed….

SKK is unlikely to move versus the euro as they are about to join the euro so are looking to fix the rate about where it is. So really its a view on the strength of the GBP vs the Euro, which I dont have a strong view on right now, its come a long way recently.

 

[grantx]

GJ,

Sweden joining the EEA? This is news to me. When was this announced? Was there a referendum?

Grant.

 

[grantx]

GJ,

I knew it was. I was just testing (cough).

Grant.

 

[portomar]

GJ,

Sweden joining the EEA? This is news to me. When was this announced? Was there a referendum?

Grant.

EEA is European Economic Area no? as in eu plus switzerland and norway. correct me if im wrong

 

[grantx]

Portomar,

I think I'm the one that needs correction (the inevitable sordid jokes and innuendo will not be necessary, thank you).

Grant.

 

[squaregains]

thanks for the reponses - btw the conversion rate gets fixed at the next EU ECOFIN meeting on July 8th expectations are for 32.50

 

[grantx]

Next it will be Denmark (would that be DKK, DEK or DEM?).

Grant.