According to the latest data, the British economy grew by 0 in January..2%, in line with market expectations, this data drove the pound up slightly against the Swedish krona。Of this growth, services contributed the most to GDP, with growth of 0.2%, compared with 0 in December last year.1% atrophy improved。

However, industrial production in January showed 0.2% monthly contraction, compared to an increase of 0 in December.6%。UK economy shrinks by 0% compared to January 2023.3%, in line with market expectations。The figures come a day after separate figures showed UK wages rose in January at the slowest pace since October 2022.。Markets expect the Bank of England to cut interest rates by 25 basis points by August, while the likelihood of a rate cut by June is close to 50%。

Meanwhile, krone traders are eyeing Sweden's February consumer price index data。Sweden's annual consumer inflation in January from a 22-month low in December.4% acceleration to 5.4%。The market is widely expected to slow to 4 in February..7%。

Last month, the Riksbank said rates could be cut earlier than previously expected, possibly in the first half of 2024.。At its February meeting, the Riksbank kept its key policy rate at 4..0%, in line with market expectations。

Sterling edged up 0 against the Swedish krona as of Wednesday at 10: 15 GMT.10% at 13.1055。