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Exchange Rate Forecasts

GBP to NOK Forecasts

The Pound to Norwegian Krone exchange rate plunged on Monday as the weekend’s Brexit news hit Sterling. However, GBP/NOK’s losses were limited by news that oil prices had slipped on concerns of higher oil production from non OPEC oil producers. GBP/NOK trended at around 10.40 at the time of writing. Sterling was hit by a [...]

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The GBP NOK exchange rate has performed poorly during the first week of 2017, not least because of the unexpected resignation of the UK’s Ambassador to the EU. Norwegian news has been comparatively thin on the ground, but this hasn’t prevented the buoyant NOK from having a strong start against the Pound on the back [...]

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Although the GBP NOK exchange rate started the week on a softer footing this did not last long, with investors galvanised by a speech from Prime Minister Theresa May. Speaking at the CBI conference, May sought to ease worries of a ‘Brexit cliff edge’ and raised the prospect of a transition deal to ease the [...]

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The Pound Norwegian Krone exchange rate has seen significant fluctuations this week due to a period of Bank of England (BoE) based volatility and North Sea oil prices. Monday’s GBP/NOK movement was dominated by one main issue – when BoE Governor Mark Carney would be leaving the central bank. Among the theories on offer was the [...]

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GBP/NOK Edges Higher as Oil Prices Sink

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Date: October 26th, 2016.

The Pound to Norwegian Krone exchange rate advanced last week and could be on track to see another week of gains thanks to a continued slip in oil prices, despite Tuesday’s Pound selloff. At the time of writing, GBP/NOK was trending just above the week’s opening levels of 10.09 after recovering from Tuesday’s drop. Pound [...]

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The Pound managed to gain against the Norwegian Krone this week, though elsewhere the UK currency has still failed to recover from last Friday’s catastrophic ‘flash crash’. The Krone has been struggling against the Pound and has also seen a decline against the US Dollar (USD) and a middling performance against the Euro (EUR). Last [...]

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The Pound (GBP) has plummeted against the Norwegian Krone (NOK) this week following the announcement of an official timetable for ‘Brexit’ from UK Prime Minister Theresa May over the weekend, which caused a sharp downturn in the value of Sterling. Markets reacted violently to the announcement that Theresa May had committed to invoke Article 50 [...]

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The Pound to Norwegian Krone exchange rate plunged to new lows on Thursday as a bullish Krone easily capitalised on a limp Sterling. While Sterling lacked any trade footholds, the Krone surged due to higher oil prices and news from Norges Bank. As a result, GBP/NOK fell to a monthly low of 10.5896 and trended [...]

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Over the course of the past week mixed UK news has seen the Pound/Norwegian Krone exchange rate fluctuate moderately, shifting between 10.73 and 10.91. Demand for the Norwegian Krone has been dictated by the fluctuating price of crude oil, domestic data and an isolationist response to the European migrant crisis. Upcoming Norwegian news will focus [...]

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The Pound has been a poor option against the Norwegian Krone and virtually all other peers lately, having been shattered by a negative news coming out of the UK at the start of the week. The Krone has conversely risen steadily against the flagging Pound, thanks in part to recent oil prices and the latest [...]

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