{"id":83238,"date":"2019-12-06T02:29:07","date_gmt":"2019-12-06T07:29:07","guid":{"rendered":"https:\/\/currencylive.com\/?p=83238"},"modified":"2019-12-06T02:29:07","modified_gmt":"2019-12-06T07:29:07","slug":"101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\/","title":{"rendered":"GBP\/SEK: Krona Tumbles as Pound Soars to 7-Month High"},"content":{"rendered":"\n\n\n
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Swedish Krona continues to tumble against the Pound<\/a> for 3 consecutive days as Sterling soars to 7-months high. At the end of the Thursday trading session, Krona settled at 12.4872 down -0.23% against the Pound.<\/p>\n

Thursday\u2019s trading session saw GBP\/SEK within the range of 12.4530 -12.4963. However, during the early Asia trading hours, the GBP\/SEK exchange rate was seen stabilize around yesterday\u2019s closing price.<\/p>\n

The main factor driving the broad-based Pound strength, and subsequently SEK weakness, is the uplift Brexit optimism ahead of the 12 December general election day. Against the greenback, the British Pound has broken into levels not seen since the beginning of May 2019.<\/p>\n

The euro area final reading of its Q3 GDP figures came in line with the market expectation at 0.2% versus 0.2% previous reading. The Euro GDP growth was curbed by regional slowdown and trade war tensions.<\/p>\n

Currency traders are turning nervous with only one week to go until the UK general election. This has the potential to motivate large whipsaws in the foreign exchange market. All polls agree that the Conservatives will gain a majority in the UK parliament. The result should clear the path for a Brexit deal.<\/p>\n

Riksbank\u2019s policy member Martin Floden told reporters on Thursday, \u201cif inflation surprises on the downside\u201d it will make it more difficult for Sweden\u2019s central bank to achieve its 2% inflation target. The Deputy Governor added that while the inflation gained momentum in recent years, it\u2019s still \u201cshaky\u201d. Sweden\u2019s inflation data is scheduled to be released next week.<\/p>\n

The Riksbank is scheduled to announce its interest rate policy on 19 December. Sweden\u2019s central bank is expected to put an end to the negative interest rate policy NIRP.<\/p>\n\n\n\n
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Swedish Krona continues to tumble against the Pound for 3 consecutive days as Sterling soars to 7-months high. At the end of the Thursday trading session, Krona settled at 12.4872 down -0.23% against the Pound. Thursday\u2019s trading session saw GBP\/SEK within the range of 12.4530 -12.4963. However, during the early Asia trading hours, the GBP\/SEK […]<\/p>\n","protected":false},"author":163946598,"featured_media":47364,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1698],"tags":[1386,1394,1409,1949,1673,1646],"class_list":{"0":"post-83238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-sek","9":"tag-brexit","10":"tag-gbp","11":"tag-gdp","12":"tag-martin-floden","13":"tag-riksbank","14":"tag-sek"},"acf":[],"yoast_head":"\nGBP\/SEK: Krona Tumbles as Pound Soars to 7-Month High - 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\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\/\" \/>\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\\\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/SEK: Krona Tumbles as Pound Soars to 7-Month High\",\"datePublished\":\"2019-12-06T07:29:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\\\/\"},\"wordCount\":538,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-sek-currencies-performance.jpg\",\"keywords\":[\"Brexit\",\"gbp\",\"gdp\",\"Martin Floden\",\"Riksbank\",\"sek\"],\"articleSection\":[\"GBP\",\"SEK\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101697-gbp-sek-krona-tumbles-as-pound-soars-to-7-month-high\\\/\",\"name\":\"GBP\\\/SEK: Krona Tumbles as Pound Soars to 7-Month High - 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