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Sterling rebounded from earlier losses to trade slightly higher at 1.224 against the U.S. dollar, which also lost ground against the Canadian, Australian and New Zealand dollars, along with the Norwegian krone and Swedish krona.

But the bank added that “inflation pressures are still too high,” noting that service prices are still rising rapidly and Sweden’s currency, the krona, is “unjustifiably weak.”

Traders have also been watchful for potential action from Sweden's central bank given weakness in the Swedish krona .

He added that the weakness of Sweden’s currency, the krona, would have added to demand as well as cheaper ticket prices.

They paid 6.9 million krona, about 100,000 krona less than the asking price and about 15 percent less than what a house that size might have sold for a year ago, Mr. Hadad said.