Home Currency News GBP to NOK

Exchange Rate Forecasts

GBP to NOK Forecasts

GBP NOK Exchange Rate Sheds Gains

Posted by:
Date: March 22nd, 2017.

The Pound has dropped by -0.4% against the Norwegian Krone as GBP began to give up the gains recorded following the news that UK inflation had risen from 1.8% to 2.3% in February. Krone movement recently has largely been dictated by the price of Brent crude oil, which has continued tumbling since the start of March. [...]

Read more



Confidence in the health of the Norwegian economy was boosted as a result of January’s industrial production figures, which surprised significantly to the upside on both the month and the year. Of particular note was the 3.4% rise on the month, as this more than reversed December’s -2.7% slump. As a result the Norwegian Krone [...]

Read more



The Pound to Norwegian Krone exchange rate trended below the week’s opening levels on Wednesday. While Brexit hopes increased GBP demand, NOK was also bolstered by strong Norwegian data. GBP/NOK trended at around 10.40. Sterling was sold off earlier in the week as March approached and Brexit jitters worsened, with the reality sinking in that [...]

Read more



After a turbulent week of UK inflation and earnings data, the Pound could be in line for another volatile week. In political news, the House of Lords is set to start debating the Article 50 bill, while UK domestic data is due to cover the speed of GDP growth. The biggest influence on Sterling last [...]

Read more



The Pound has fallen against the Norwegian Krone at the start of trading this week, owing to investors being unnerved by Monday’s seemingly-fruitless Brexit talks. The Krone’s ascent against the Pound comes mainly due to Sterling’s weakness, given that Norwegian data so far this week has been fairly uninspiring. Last week, the Pound Norwegian Krone [...]

Read more



Confidence in riskier assets has been limited over the course of the week, with markets in a jittery mood thanks to the uncertainty surrounding the new US administration. The increased protectionist rhetoric and fears of potential trade wars led investors to pile back into safe-haven assets, leaving the Krone relatively lacking in support. However, the [...]

Read more



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 [...]

Read more



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 [...]

Read more



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 [...]

Read more



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 [...]

Read more



© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.