Pound to Norwegian Krone Forecast and Live Exchange Rate
The pound to norwegian krone forecast from investment banks and market pricing, with the live GBP/NOK rate, charts and daily analysis
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Updated
What's Driving GBP/NOK
- 🇳🇴 Pound Sterling Live forecasts GBP/NOK's rebound extending in the near term as an overbought krone pulls back, with Norges Bank's 5 November guidance the test
- GBP/NOK broke below its September low near 12.44 to reach 12.30 at the turn of the month before rebounding, staying inside its downtrend from August
- Crédit Agricole: NOK has overtaken CHF as the most popular long in G10 and is in overbought territory, with its PIX positioning model entering a long USD/NOK trade on 2 November
- Crédit Agricole: EUR/NOK is falling faster than its fair value, becoming more than 2 standard deviations undervalued
- Brent has fallen for three sessions to near $103 a barrel on hopes of US-Iran negotiations, cutting into Norway's export earnings
- OCBC: until there is clearer evidence of a deal, markets are likely to stay focused on physical oil flows rather than diplomatic headlines
- Norges Bank is expected to hold its policy rate at 4.50% on 5 November after its September hike
- SEB: the policy rate has peaked, but near-term risks skew to the upside with Norges Bank ready to act if the inflation outlook deteriorates materially
- Bank of England is expected to raise Bank Rate to 4.00% on 5 November, lending GBP support against NOK
- 📊 GBP/NOK's rebound stalled near 12.50 on 3 November, below the early-October high at 12.78, with the 12.30 low beneath
- 🔭 Pound Sterling Live's medium-term forecast is for GBP/NOK to stay inside its downtrend from August, with the rebound a counter-trend move unless 12.78 is cleared
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| One Week | 12.5294 |
| One Month | 12.5688 |
| Three Months | 12.6259 |
| Six Months | 12.685 |
| One Year | 12.6298 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Fri 6 Nov | 12.5172 | 12.6317 | 12.6697 | 12.4668 | 12.5744 |
| Thu 5 Nov | 12.5286 | 12.5172 | 12.5560 | 12.4252 | 12.5229 |
| Wed 4 Nov | 12.4511 | 12.5285 | 12.6712 | 12.4119 | 12.4898 |
| Tue 3 Nov | 12.4709 | 12.4510 | 12.5243 | 12.3685 | 12.4610 |
| Mon 2 Nov | 12.5892 | 12.4710 | 12.6962 | 12.3117 | 12.5301 |
Pound to Norwegian Krone Forecast: 12.626 in Three Months
These predictions are based on the forward points being traded in currency markets. These contracts are widely used by businesses, investors, and financial institutions for hedging or speculative purposes. The pricing of forwards provides valuable insights into market expectations for the future direction of currency pairs.
In one month the Pound-Norwegian Krone exchange rate is forecast to be at 12.569, according to market-implied pricing. In three months, the rate is expected to be at 12.626. In six months the projected rate is at 12.685. In one year the rate is expected to be at 12.630.
Quarterly GBP/NOK targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.
