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British pound, krona gain amid European AI investment tailwinds
AI investment inflows are lifting sterling and krona, suggesting tech capital now influences currency trends beyond macro factors.
The surge in AI investments across Europe is providing support to local currencies such as the British pound and Swedish krona. Analysts attribute part of their relative strength to heightened tech capital flows into AI innovation hubs in the U.K. and Sweden. The move contrasts with broader dollar weakness driven by rate speculation and global uncertainties. Currency markets are now viewing tech investment dynamics as a relevant driver of FX performance, not just macro fundamentals or interest rates.