{"id":83593,"date":"2019-12-12T02:40:12","date_gmt":"2019-12-12T07:40:12","guid":{"rendered":"https:\/\/currencylive.com\/?p=83593"},"modified":"2019-12-12T03:00:39","modified_gmt":"2019-12-12T08:00:39","slug":"101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\/","title":{"rendered":"GBP\/NOK: Sterling Holds Steady Against Krone as Markets Await UK\u2019s Exit Poll at 10PM"},"content":{"rendered":"

It\u2019s election day in the UK.<\/strong> The pound<\/a> held steady against the Norwegian krone during the Asian session as markets were in wait-and-see mode, awaiting the election results on who\u2019ll move to 10 Downing Street.<\/p>\n

Two main options are on the table \u2014 Will Johnson\u2019s Conservatives win a majority and deliver on their Brexit promises? Or will Labour leader Corbyn persuade voters with his radical agenda of nationalization and a second Brexit referendum?<\/p>\n

Most polls showed that Johnson\u2019s lead over Corbyn has steadily melted down in recent weeks. According to the latest YouGov survey, Johnson\u2019s results were slashed by half compared with the same survey just two weeks ago when the results signaled a majority of 68 seats. Everything from a hung Parliament to a Tory landslide remains within the margin of error.<\/p>\n

The Conservatives need 326 out of 650 seats for a majority in the House of Commons. The YouGov opinion poll released yesterday suggested Johnson\u2019s party will win 339 seats.<\/p>\n

Meanwhile, the Royal Institution of Chartered Surveyors reported another decline in the stock of UK rental properties.<\/p>\n

The report released Thursday showed that the uncertainty around Brexit is having a negative effect on the housing market, with the price index falling to the lowest level since April. New buyer enquiries fell for the third straight month and the headline RICS price index came in at -12% in November, well below the -5% forecast.<\/p>\n

For krone traders, there are no market reports of note coming from Norway today. Even though energy prices are slightly up, election headlines will likely be the main driver for the GBP\/NOK pair today.<\/p>\n

The pair has been in a steady uptrend since the beginning of November, reaching multi-year highs on Tuesday on prospects of a Conservative majority. The pound seems well supported above the 11.97 support zone, but profit-taking activities or election surprises may lead to unexpected volatility in the pair. As of 7:00 a.m. London time, the pair traded at 12.0250.<\/p>\n

\n
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It\u2019s election day in the UK. The pound held steady against the Norwegian krone during the Asian session as markets were in wait-and-see mode, awaiting the election results on who\u2019ll move to 10 Downing Street. Two main options are on the table \u2014 Will Johnson\u2019s Conservatives win a majority and deliver on their Brexit promises? […]<\/p>\n","protected":false},"author":163946598,"featured_media":5254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1726],"tags":[1386,1389,1394,1728,1976],"class_list":{"0":"post-83593","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-elections","11":"tag-gbp","12":"tag-nok","13":"tag-yougov-poll"},"acf":[],"yoast_head":"\nGBP\/NOK: Sterling Holds Steady Against Krone as Markets Await UK\u2019s Exit Poll at 10PM - 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\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\/\" \/>\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\\\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/NOK: Sterling Holds Steady Against Krone as Markets Await UK\u2019s Exit Poll at 10PM\",\"datePublished\":\"2019-12-12T07:40:12+00:00\",\"dateModified\":\"2019-12-12T08:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\\\/\"},\"wordCount\":589,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100870-gbp-eur-hope-2nd-brexit-referendum.jpg\",\"keywords\":[\"Brexit\",\"Elections\",\"gbp\",\"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\\\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101746-gbp-nok-sterling-holds-steady-against-krone-as-markets-await-uks-exit-poll-at-10-p-m\\\/\",\"name\":\"GBP\\\/NOK: Sterling Holds Steady Against Krone as Markets Await UK\u2019s Exit Poll at 10PM - 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