The knock-0n effect of the crisis in Latvia is taking centre stage in Sweden, where the banks are heavily exposed to the Baltic states of Latvia, Lithuania and Estonia. Comments from the Swedish finance minister Anders Borg have again highlighted the impact that it would have in his own country, as he urges the IMF and Latvia to agree on a deal “soon” and that Latvia must do more to help theie economy in the long term.
Eur/Usd now at 1.4180 after a brief trip down to bids seen at 1.4150. Cable is also moving higher, now at 1.6070, with resistance seen at this morning’s high at 1.6090.
