{"id":83081,"date":"2019-12-04T02:15:19","date_gmt":"2019-12-04T07:15:19","guid":{"rendered":"https:\/\/currencylive.com\/?p=83081"},"modified":"2019-12-04T02:15:19","modified_gmt":"2019-12-04T07:15:19","slug":"101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\/","title":{"rendered":"GBP\/SEK: Swedish Krona Slightly Lower on an Uninspiring Trading Day"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F83081&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Swedish Krona traded slightly lower on an uninspiring trading day despite broad-based Pound strength. At the end of the Tuesday trading session, Krona settled at 12.3847 up 0.34% against the Pound.<\/p>\n<p>Monday\u2019s trading session saw GBP\/SEK within the range of 12.3244 -12.4098. However, during the early Asia trading hours, the GBP\/SEK exchange rate was seen almost unchanged at 12.3947.<\/p>\n<p>Krona experienced a healthy rally against major counterparts like the EUR and US dollar. However, it continues to trade near a four year high against the British Pound. In other currencies, GBP\/USD has surged above the big psychological number 1.3000. And possibly has set the tone for more Cable gains.<\/p>\n<p>There weren\u2019t any significant macro data scheduled on the docket to motivate the moves in the interbank market. Most probable to main culprit for the FX volatility is the trade tension escalation, which prompted investors to sell the US dollar and the US equities.<\/p>\n<p>The outcome of the UK general election scheduled on 12 December also continues to keep investors on the edge. In this regard, the British Pound crosses will remain sensitive to the UK election news and the trend in the pools. If the UK Prime Minister Boris Johnson\u2019s party fails to secure a majority in the UK parliament it can potentially put in jeopardy his Brexit bill and subsequently the Pound may fall.<\/p>\n<p>In other news, despite the softening economic growth, Sweden\u2019s central bank is expected to abandon the negative interest rate policy (NIRP) during last Riksbank\u2019s policy meeting of the year scheduled on 19 December.<\/p>\n<p>Looking over the economic calendar, Sweden is expected to publish key data, namely the current account figures and the service PMI data. The data published on Monday revealed Sweden\u2019s manufacturing sector contracted for three consecutive months. Manufacturing keeps slowing down across the globe due to trade war headwinds.\\<\/p>\n<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F83081&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), 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":"<p>Swedish Krona traded slightly lower on an uninspiring trading day despite broad-based Pound strength. At the end of the Tuesday trading session, Krona settled at 12.3847 up 0.34% against the Pound. Monday\u2019s trading session saw GBP\/SEK within the range of 12.3244 -12.4098. However, during the early Asia trading hours, the GBP\/SEK exchange rate was seen [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":83085,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1698],"tags":[1386,1657,1935,1394,1454,1673,1646,1647],"class_list":["post-83081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-sek","tag-brexit","tag-british-pound","tag-fx","tag-gbp","tag-pmi","tag-riksbank","tag-sek","tag-swedish-krona"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/SEK: Swedish Krona Slightly Lower on an Uninspiring Trading Day - 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\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\/\" \/>\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\\\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/SEK: Swedish Krona Slightly Lower on an Uninspiring Trading Day\",\"datePublished\":\"2019-12-04T07:15:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\\\/\"},\"wordCount\":565,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Swedish-Krona-Slightly-Lower-GBP.jpg\",\"keywords\":[\"Brexit\",\"british pound\",\"fx\",\"gbp\",\"pmi\",\"Riksbank\",\"sek\",\"swedish krona\"],\"articleSection\":[\"GBP\",\"SEK\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101669-gbp-sek-swedish-krona-slightly-lower-on-an-uninspiring-trading-day\\\/\",\"name\":\"GBP\\\/SEK: Swedish Krona Slightly Lower on an Uninspiring Trading Day - 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