{"id":83087,"date":"2019-12-04T02:26:00","date_gmt":"2019-12-04T07:26:00","guid":{"rendered":"https:\/\/currencylive.com\/?p=83087"},"modified":"2019-12-04T02:26:00","modified_gmt":"2019-12-04T07:26:00","slug":"101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\/","title":{"rendered":"GBP\/NOK: British Pound Consolidates Gains During Asian Session, Markets Eye UK Services PMI Report"},"content":{"rendered":"\n\n\n
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The British pound opened today\u2019s trading day mostly unchanged against the Norwegian krone. This comes after posting significant gains yesterday, following reports that show a better outlook for Tories.<\/p>\n

Most polls show that Jeremy Corbyn is unlikely to win the general election. But they also show that the Labour Party is narrowing the gap with the Tories. The public that tends to agree with some of the main points of Corbyn\u2019s campaign.<\/p>\n

Corbyn has pledged to nationalize industries such as rail, energy distribution, the postal service, water, and even telephone and internet providers, with a 2017 poll showing public support of over 50% for the idea \u2014 except for bringing the broadband network under public control.<\/p>\n

Another key issue during the election campaign, the UK\u2019s National Health Service, won\u2019t be part of post-Brexit trade deal negotiations between the UK and the US, said US President Trump in a recent comment. \u201cI don\u2019t even know where that rumor started\u201d, Trump told reporters at a press conference in London ahead of the NATO summit.<\/p>\n

Market reports of note for today include the UK Final Services PMI for November, with a consensus forecast of 48.6 points \u2014 in line with the previous month\u2019s number.<\/p>\n

Slightly higher oil prices could somewhat support the Norwegian krone throughout the day. At the time of writing, Brent crude was up around 0.55% to trade at $62.15.<\/p>\n

From a technical standpoint, the pound was reaching near multi-year highs against the krone as the pair traded at 11.9470, as of 7:10 a.m. London time. The October 29 high of 11.97 is the last barrier that stands between the pair and pre-Brexit levels.<\/p>\n

While the December 2 low of 11.82 could provide some support for the pair, headline risks continue to be a threat for sterling in the short run.<\/p>\n\n\n\n
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The British pound opened today\u2019s trading day mostly unchanged against the Norwegian krone. This comes after posting significant gains yesterday, following reports that show a better outlook for Tories. Most polls show that Jeremy Corbyn is unlikely to win the general election. But they also show that the Labour Party is narrowing the gap with […]<\/p>\n","protected":false},"author":163946598,"featured_media":83094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1726],"tags":[1657,1935,1394,1443,1728,1727],"class_list":{"0":"post-83087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-nok","9":"tag-british-pound","10":"tag-fx","11":"tag-gbp","12":"tag-jeremy-corbyn","13":"tag-nok","14":"tag-norwegian-krone"},"acf":[],"yoast_head":"\nGBP\/NOK: British Pound Consolidates Gains During Asian Session, Markets Eye UK Services PMI Report - 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\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\/\" \/>\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\\\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/NOK: British Pound Consolidates Gains During Asian Session, Markets Eye UK Services PMI Report\",\"datePublished\":\"2019-12-04T07:26:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\\\/\"},\"wordCount\":555,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/British-Pound-Consolidates-Gains-NOK.jpg\",\"keywords\":[\"british pound\",\"fx\",\"gbp\",\"Jeremy Corbyn\",\"nok\",\"Norwegian Krone\"],\"articleSection\":[\"GBP\",\"NOK\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101670-british-pound-consolidates-gains-during-asian-session-markets-eye-uk-services-pmi-report\\\/\",\"name\":\"GBP\\\/NOK: British Pound Consolidates Gains During Asian Session, Markets Eye UK Services PMI Report - 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