Norges Bank in the final furlong; CHF on the up

We expect the Norges Bank to deliver on its plan to start to raise interest rates, in September, which could offer some respite for the beleaguered krone. Meanwhile, data released next week are likely to show that Swedish GDP rose by about 0.9% q/q in Q2, and the monthly arithmetic suggests that growth will be about twice as fast in the third quarter.

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