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
- ๐ณ๐ด Pound Sterling Live expects GBP/NOK's downtrend to reach the May low at 12.3627 by late September or early October
- GBP/NOK opened the week of 8 September near 12.54, well beneath a falling 21-day moving average at 12.69
- GBP/NOK has fallen from the July peak at 13.20 to near 12.54, a decline of about 5% in ten weeks
- GBP/NOK's 21-day has capped every rally since that peak, which makes it the level a recovery has to clear
- 12.3627 is the May low and the first drawn support beneath the market
- A weekly close back above the 21-day at 12.69 would be the first sign the decline is stalling
- Brown Brothers Harriman describes Norway's attractive carry as a key tailwind for NOK
- Carry is the return an investor earns holding a higher yielding currency against a lower yielding one, and Norway's policy rate leaves NOK on the favourable side of that trade
- Rising oil prices are a second tailwind, with Brent near $100 lifting the terms of trade of an energy exporter
- Medium-term: while carry and oil both favour NOK, rallies in GBP/NOK stay corrective until one closes above the falling 21-day
For the latest analysis visit the News Hub โ
| One Week | 12.6404 |
| One Month | 12.6983 |
| Three Months | 12.8152 |
| Six Months | 12.9309 |
| One Year | 13.0017 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Tue 22 Sep | 12.6256 | 12.5951 | 12.6298 | 12.5817 | 12.6104 |
| Mon 21 Sep | 12.6060 | 12.6257 | 12.6304 | 12.4894 | 12.6159 |
| Fri 18 Sep | 12.5871 | 12.6025 | 12.6614 | 12.5489 | 12.5948 |
| Thu 17 Sep | 12.6173 | 12.5871 | 12.6441 | 12.5674 | 12.6022 |
| Wed 16 Sep | 12.5896 | 12.6173 | 12.6206 | 12.4934 | 12.6035 |
| Tue 15 Sep | 12.5972 | 12.5896 | 12.6100 | 12.5415 | 12.5934 |
| Mon 14 Sep | 12.5294 | 12.5971 | 12.6125 | 12.5255 | 12.5633 |
| Fri 11 Sep | 12.5329 | 12.5660 | 12.5846 | 12.5249 | 12.5495 |
| Thu 10 Sep | 12.4581 | 12.5330 | 12.5625 | 12.4560 | 12.4956 |
| Wed 9 Sep | 12.4908 | 12.4581 | 12.4992 | 12.4375 | 12.4745 |
| Tue 8 Sep | 12.5471 | 12.4907 | 12.5645 | 12.4824 | 12.5189 |
| Mon 7 Sep | 12.5689 | 12.5471 | 12.5940 | 12.5405 | 12.5580 |
| Fri 4 Sep | 12.5667 | 12.5804 | 12.5953 | 12.5515 | 12.5736 |
| Thu 3 Sep | 12.5653 | 12.5667 | 12.5885 | 12.5477 | 12.5660 |
| Wed 2 Sep | 12.6087 | 12.5652 | 12.6751 | 12.5604 | 12.5870 |
| Tue 1 Sep | 12.6613 | 12.6088 | 12.6687 | 12.5972 | 12.6351 |
Pound to Norwegian Krone Forecast: 12.815 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 12.698, according to market-implied pricing. In three months, the rate is expected to be at 12.815. In six months the projected rate is at 12.931. In one year the rate is expected to be at 13.002.
Quarterly GBP/NOK targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more โ updated weekly.
