{"id":83514,"date":"2019-12-11T02:39:52","date_gmt":"2019-12-11T07:39:52","guid":{"rendered":"https:\/\/currencylive.com\/?p=83514"},"modified":"2019-12-11T03:42:22","modified_gmt":"2019-12-11T08:42:22","slug":"101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/","title":{"rendered":"GBP\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down"},"content":{"rendered":"\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The British pound gave back most of its yesterday\u2019s gains against the Norwegian krone this morning after a widely-anticipated poll showed that Johnson\u2019s lead is narrowing.<\/p>\n

Just one day before the election, a YouGov opinion poll suggested that the Conservatives will win 339 seats in the House of Commons, followed by Labour\u2019s 231 seats, SNP\u2019s 41 seats and the Liberal Democrats\u2019 15.<\/p>\n

According to the survey, Boris Johnson\u2019s results are slashed by half compared to YouGov\u2019s previous poll two weeks ago, which showed a majority of 68 seats. Still, the results also signal that the Labours are a long way short of winning a majority, even though their results have been steadily improving.<\/p>\n

Market bets that the Tories will win a clear majority and \u201cget Brexit done\u201d by January 31 have pushed the British pound to a multi-year high against other majors, making it the best-performing currency with a 6% gain since September. However, this makes the pound extremely vulnerable to any unexpected outcomes at the election on Thursday.<\/p>\n

In addition, even if Johnson manages to win a majority, the clock is ticking for a trade arrangement between the UK and the European Union by the end of 2020. Any prolonged uncertainties \u2014 especially if the US and China fail to agree upon a phase-one deal \u2014 could stimulate the Bank of England to cut rates which would drag the pound lower.<\/p>\n

There are no market reports of note from the UK and Norway today. Energy prices were slightly lower this morning, which could put some downward pressure on the krone in today\u2019s trade.<\/p>\n

From a technical standpoint, the November upturn in the GBP\/NOK pair is slowly becoming overstretched with the RSI nearing overbought levels and forming a bearish divergence. Yesterday\u2019s pinbar pattern suggests that buyers are rejecting higher prices at the moment, which could trigger a retest of the December 6 low of 11.97, especially if profit-taking activities accelerate ahead of the election. As of 7:00 a.m. London time, one pound bought 12.0540 Norwegian krones.<\/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":"

The British pound gave back most of its yesterday\u2019s gains against the Norwegian krone this morning after a widely-anticipated poll showed that Johnson\u2019s lead is narrowing. Just one day before the election, a YouGov opinion poll suggested that the Conservatives will win 339 seats in the House of Commons, followed by Labour\u2019s 231 seats, SNP\u2019s […]<\/p>\n","protected":false},"author":163946598,"featured_media":5416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1726],"tags":[1386,1394,1753,1689,1728,1976],"class_list":{"0":"post-83514","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-nok","9":"tag-brexit","10":"tag-gbp","11":"tag-general-elections","12":"tag-house-of-commons","13":"tag-nok","14":"tag-yougov-poll"},"acf":[],"yoast_head":"\nGBP\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down - 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\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/\" \/>\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\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down\",\"datePublished\":\"2019-12-11T07:39:52+00:00\",\"dateModified\":\"2019-12-11T08:42:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/\"},\"wordCount\":596,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100932-gbp-eur-brexit-summit.jpg\",\"keywords\":[\"Brexit\",\"gbp\",\"general elections\",\"House of Commons\",\"nok\",\"YouGov poll\"],\"articleSection\":[\"GBP\",\"NOK\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/\",\"name\":\"GBP\\\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100932-gbp-eur-brexit-summit.jpg\",\"datePublished\":\"2019-12-11T07:39:52+00:00\",\"dateModified\":\"2019-12-11T08:42:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100932-gbp-eur-brexit-summit.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100932-gbp-eur-brexit-summit.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down\"}]},{\"@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\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down - 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\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down","datePublished":"2019-12-11T07:39:52+00:00","dateModified":"2019-12-11T08:42:22+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/"},"wordCount":596,"image":{"@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100932-gbp-eur-brexit-summit.jpg","keywords":["Brexit","gbp","general elections","House of Commons","nok","YouGov poll"],"articleSection":["GBP","NOK"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/","url":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/","name":"GBP\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100932-gbp-eur-brexit-summit.jpg","datePublished":"2019-12-11T07:39:52+00:00","dateModified":"2019-12-11T08:42:22+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100932-gbp-eur-brexit-summit.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100932-gbp-eur-brexit-summit.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101732-gbp-nok-sterling-loses-ground-against-the-krone-as-new-poll-shows-johnsons-lead-is-melting-down\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/NOK: Sterling Loses Ground Against the Krone as New Poll Shows Johnson\u2019s Lead is Melting Down"}]},{"@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\/08\/100932-gbp-eur-brexit-summit.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/83514","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=83514"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/83514\/revisions"}],"predecessor-version":[{"id":83518,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/83514\/revisions\/83518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5416"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=83514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=83514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=83514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}