The British pound extended its gains against the Norwegian krone for the fourth consecutive day, trading near yesterday’s high of 11.8320 during the Asian session. With a light economic calendar for both currencies today, headline risks remain an important driver for the pound ahead of the general election on December 12.

Yesterday’s television debate, hosting Conservative Prime Minister Boris Johnson and Labour Leader Jeremy Corbyn, was one of those important events that could have a long-lasting impact on sterling.

Jeremy Corbyn tied with Boris Johnson in a snap poll after the television clash on promises to call another referendum on UK’s membership in the European Union and to end the privatization of the National Health Service. Prime Minister Johnson was mostly focused on Brexit during the debate, saying he would deliver a fast divorce with the EU.

The poll conducted by YouGov showed that yesterday’s debate was one of the best moments for Labour Leader Corbyn, who has struggled to keep up with the Conservatives in previous polls. Around 49% of the 1,600 people who participated in the poll said that Corbyn won the debate, against 51% favouring Johnson. The next head-to-head between the two candidates is planned for December 6, just one week before the election.

From a technical standpoint, the GBP/NOK pair is trading near weekly highs with important resistance levels to the upside. Highs reached on November 6 and 13, the 61.8% Fib level and a rising trendline could provide some selling pressure in the 11.82-85 range. The break of those levels could push the price higher to retest the upper triangle line around 11.90.

To the downside, the November 15 low of 11.70 acts as a possible support level, followed by the November 7 low of 11.62. As of 7:00 a.m. London time, the krone traded at 11.8280 against sterling. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.