GBPSEK - British Pound / Swedish Krona
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The performance of the GBP/SEK currency pair is heavily influenced by the relationships of two world major economies: Sweden and Great Britain. Keep in mind that the Krona often shadows the movements of the Euro. This pair is ideal for the investors looking to diversify their portfolios away from the four majors, this currency pair is usually relatively stable.
GBP/SEK is most active during the European sessions on Thursdays and have the lowest volatility on Mondays.
For a successful trading tool such as the Pound against the Swedish Krona, it is desirable to have a sufficient deposit amount. This is especially important when it comes to long-term retention of the open positions, for example, in the case of trading with the carry-trade strategy, when the course dynamics may change for the several times in the short term.
If you are interested in trading the GBP/SEK currency pair, contact FxPro today and open trading account in several minutes.