{"id":82934,"date":"2019-12-02T02:31:31","date_gmt":"2019-12-02T07:31:31","guid":{"rendered":"https:\/\/currencylive.com\/?p=82934"},"modified":"2019-12-02T02:31:44","modified_gmt":"2019-12-02T07:31:44","slug":"101642-krona-cant-rally-on-upbeat-gdp-growth-rate","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/","title":{"rendered":"GBP\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate"},"content":{"rendered":"\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Swedish Krona couldn\u2019t take advantage of upbeat GDP growth rate and close down on Friday close. On the currency market, during last week\u2019s trading activity, Krona settled at 12.3812 up 0.05% against the Pound.<\/p>\n

Last week\u2019s trading session saw GBP\/SEK within the range of 12.4497 -12.254. However, during the early Asia trading hours, the GBP\/SEK exchange rate was seen quoted unchanged near last week\u2019s closing rate.<\/p>\n

Sweden\u2019s economic activity grew at a faster pace than the market has anticipated. During the third quarter of 2019, Sweden’s Gross Domestic Product grew by 0.3% versus 0.2% forecasted figure. On the other hand, the annualized GDP rate expanded by 1.6% versus 1.9% forecasted figure.<\/p>\n

The acceleration in the Sweden economy can encourage Riksbank\u2019s intention to hike interest rates at its next policy meeting. Sweden central bank plans to exit the negative interest rate policy during its last policy meeting of the year on 19 December.<\/p>\n

Sweden\u2019s economic downturn during the first half of the year was driven in part by a correction in the housing market, sluggish labor market and export growth. Compared to the 2.4% growth rate seen in prior year, this year\u2019s growth rate is expected to be the lowest that the Sweden economy has seen in the past six years.<\/p>\n

Many Wall Street analysts, however, believe that the economic slowdown will continue to persist going into 2020. Most GDP forecasts are very pessimistic and only see 1.3% growth rate.<\/p>\n

Riksbank strategy is to keep interest rate policy unchanged after they deliver the \u201cpromised\u201d December rate hike. With the Fed and the ECB delivering more easing measures, it\u2019s hard to see the Sweden central bank getting out of sync with the major central banks around the world.<\/p>\n

Looking over the economic calendar we have some manufacturing PMI data from both the UK and EU, which can generate some volatility for the currency of the export driven economy of Sweden.<\/p>\n\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com 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 currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Swedish Krona couldn\u2019t take advantage of upbeat GDP growth rate and close down on Friday close. On the currency market, during last week\u2019s trading activity, Krona settled at 12.3812 up 0.05% against the Pound. Last week\u2019s trading session saw GBP\/SEK within the range of 12.4497 -12.254. However, during the early Asia trading hours, the GBP\/SEK […]<\/p>\n","protected":false},"author":163946598,"featured_media":47258,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1698],"tags":[1885,1690,1394,1890,1646],"class_list":{"0":"post-82934","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-sek","9":"tag-exchange-currencies","10":"tag-forex","11":"tag-gbp","12":"tag-gbp-sek","13":"tag-sek"},"acf":[],"yoast_head":"\nGBP\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate\",\"datePublished\":\"2019-12-02T07:31:31+00:00\",\"dateModified\":\"2019-12-02T07:31:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/\"},\"wordCount\":574,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/sek-swedish-krona-money-counter.jpg\",\"keywords\":[\"exchange currencies\",\"forex\",\"gbp\",\"gbp\\\/sek\",\"sek\"],\"articleSection\":[\"GBP\",\"SEK\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/\",\"name\":\"GBP\\\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/sek-swedish-krona-money-counter.jpg\",\"datePublished\":\"2019-12-02T07:31:31+00:00\",\"dateModified\":\"2019-12-02T07:31:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/sek-swedish-krona-money-counter.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/sek-swedish-krona-money-counter.jpg\",\"width\":3003,\"height\":2253},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate","datePublished":"2019-12-02T07:31:31+00:00","dateModified":"2019-12-02T07:31:44+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/"},"wordCount":574,"image":{"@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/sek-swedish-krona-money-counter.jpg","keywords":["exchange currencies","forex","gbp","gbp\/sek","sek"],"articleSection":["GBP","SEK"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/","url":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/","name":"GBP\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/sek-swedish-krona-money-counter.jpg","datePublished":"2019-12-02T07:31:31+00:00","dateModified":"2019-12-02T07:31:44+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/sek-swedish-krona-money-counter.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/sek-swedish-krona-money-counter.jpg","width":3003,"height":2253},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101642-krona-cant-rally-on-upbeat-gdp-growth-rate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/SEK: Krona Can\u2019t Rally on Upbeat GDP Growth Rate"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/sek-swedish-krona-money-counter.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/82934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=82934"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/82934\/revisions"}],"predecessor-version":[{"id":82937,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/82934\/revisions\/82937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/47258"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=82934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=82934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=82934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}