GBP/SEK rises with reports disappointing full-GDP, trade to 9,7400

FXStreet — The Swedish Krona falls against the European counterpart to the strong, while the EUR/SEK from the days high to 9,7400.

GBP/SEK rises with Sweden’s GDP

The selling pressure, the SEC increased, the increased of the GDP on a quarterly and annual basis by 0.4% and 2.2%. The results fell short of expectations.

Add to this the surprising retail sales, which rose in April compared with the previous month by 1.3% compared to the previous year by 4.5%.

Next, expect us from Sweden on Thursday, the PMI, and on Friday, the Q1 current account balance. In the Eurozone, the business climate index in may, at 0.9% is below the forecast, while the consumers gained confidence from -4.0 to -3,0.

EUR/SEK significant levels

Currently, the daily gain of 0.31% at 9,7445 and the next Resistances is at 9,7635 (High 30. May), 9,7833 (High 16. May) and 9,8018 (2017 High 22. May). On the other hand, supports are located at 9,7103 (20-day SMA), 9,6960 (Deep 26. May) and 9,6269 (200-day SMA).

** FXStreet News Editorial, FXStreet**

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