Convert GBP to SEK - British pound sterling to Swedish krona Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE GBP/SEK EXCHANGE RATE
The GBP/SEK symbol denotes the trading of the Pound Sterling against the Swedish Krona - two currencies that enjoy somewhat of a correlation with each other. This is because the UK and Sweden enjoy geographical and economic proximity, with the UK being one of Sweden's most important trade partners. The trade between the UK and Sweden for a year up to April 2019 was estimated to be worth £20.9 billion.Trade is a key contributor to Sweden's economy, and the SEK is considered a commodity currency, owing to the country's key exports, including iron and steel. In addition, the telecom and paper products' industries are among the leading sectors that see significant exports from Sweden and have an impact on the value of the currency.The GBP/SEK currency pair also sees ample volatility on the back of Brexit-related developments. Positive news reports that signal progress in Brexit negotiations help increase investor confidence in the British economy and strengthen the GBP, turning this pair bullish. On the other hand, negative news reports alluding to an increased likelihood of a possible no-deal Brexit scenario make investors wary about the British economy, weaken the value of the Pound Sterling and cause this forex pair to trade bearish.
GBP to SEK CONVERSION RATES
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GBP to SEK CHARTS
GBP/SEK Live Chart
GBP/SEK Historical Chart
GBP to SEK EXCHANGE RATE - FAQ
What key economic events influence the exchange rate of GBP/SEK?

GBP/SEK sees ample fluctuations on the release of key economic data from the UK and Sweden, including GDP, unemployment rate, inflation, trade balance, business sentiment, consumer confidence, retail sales, and PMI readings from the manufacturing and services sectors.

How do central bank decisions drive price action in the GBP/SEK currency pair?

Changes to the monetary policy and interest rates by the Bank of England (BOE) and the Riksbank also cause changes to the value of the GBP and the SEK respectively, and cause the exchange rate of GBP/SEK to experience movements. For instance, if the BOE cuts interest rates or turns dovish about its monetary policy, the GBP weakens, turning this forex pair bearish, and vice versa.

What was the highest value of GBP/SEK this year?

GBP/SEK soared to a high of 12.7752 on 19 February 2020. This is the strongest level the currency pair has touched so far this year.