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Currency dealers less certain that Sweden will adopt the euro.

NORDIC BUSINESS REPORT-29 May 2003-Currency dealers less certain that Sweden will adopt the euro(C)1994-2003 M2 COMMUNICATIONS LTD

A quarterly poll of currency dealers and other market participants has revealed that the market now believes it is less likely that Sweden will adopt the European single currency.

The poll of around 40 key players, published by Swedish bank SEB, showed that 53% now expect Swedes to reject euro membership, up from 46% in the February poll.

Similarly only 47% of respondents now expect Sweden to join the euro, compared with 54% in the previous poll.

Sweden will hold a referendum on whether to join the euro on 14 September this year.

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:May 29, 2003
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