CCY:GBPNOK

Gbp/nok Currency Pair News

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kr12.50
+0.0106 (+0.0850%)
At Close: Jun 03, 2026
The Pound to Norwegian Krone (GBP/NOK) exchange rate slumped to 34-month lows just below 12.70 on Monday before a limited recovery to 12.77 as markets focussed on the Attacks on Iran and wider Middle
The Norwegian krone posted slight gains after the Norges Bank held interest rates steady and warned against an early cut. Risk appetite held firm amid expectations of lower US interest rates and the E

Downside potential in play for GBPNOK?

06:29pm, Monday, 24'th Jun 2024
Looks like a classic central bank policy divergence trade from BCA. As we noted yesterday, risk premiums do feel a bit low heading into the UK elections, so wouldn't be surprised to see some downside
According to the statement; “The Committee judges that a higher policy rate than previously signalled is needed to bring inflation down to target. Higher wage growth and a weaker krone than projecte
As far as guidance is concerned, the bank commented; “If the krone proves weaker than projected, or pressures in the economy persist, a higher policy rate than currently projected may be needed to b
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