GBP/SEK
GBP/SEK market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Economic calendar
GBP/SEK details
GBP/SEK is the ticker for the exchange rate between the British pound and Swedish krona on the FX market. It represents the amount of krona needed to buy a single unit of pound sterling.
The GBP/SEK pair is considered an exotic pair, as it comprises of a major currency (the British pound) against a developing economy. The Swedish krona is considered a relatively small currency on the global market, accounting for less than 2% of trades.
However, it’s currently considered a counter currency, which means it typically moves in the opposite direction from most other global currencies.
| Margin from | 5.0 % |
| Trading hours | 24 hours a day, 7 days a week |
| Min trade size | 1,000 |
| Long | 0.17 |
| Short | -1.41 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 100 Points |
Spreads
| Spreads from | 0.0055 Points |
Margins
| 0 - 61,000,000 | 5.0 % |
| 61,000,000 - 200,000,000 | 7.0 % |
| 200,000,000 + | 10.0 % |
Dealing
| Spreads from | 0.0055 Points |
Margins
| 0 - 61,000,000 | 5.0 % |
| 61,000,000 - 200,000,000 | 7.0 % |
| 200,000,000 + | 10.0 % |
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