GBPNOK (British Pound vs Norwegian Krone). Exchange rate and online charts.
Currency converter
16 May 2025 23:59
(-0.05%)
Closing price, the previous day.
Opening price.
The highest price over the last trading day.
The lowest price over the last trading day
Price range high in the last week
Price range low in the last week
GBP/NOK is one of the popular currency pairs on Forex. Norway is actively trading with the UK, which is the largest business partner of the country. For this reason, the GBP/NOK pair is preferred by experienced traders who choose this trading instrument as the economies of the euro area and Norway remain stable and predictable. The most intense bidding on a specific financial instrument is observed during the work time of the European stock exchanges.
GBP/NOK is the cross rate against the US dollar. Although the US dollar obviously is not in this currency pair, it still has a significant influence on the rate of the pair. This can be seen if you combine the charts of the GBP/USD and USD/NOK pairs, thus, you can get an approximate GBP/NOK chart.
The US dollar has a significant impact on both currencies. For this reason it is necessary to take into account the major US economic indicators in order to predict correctly a future course of this financial instrument. These indicators are as follows: the discount rate, GDP, unemployment rate, Non-Farm Payrolls, etc. It is necessary to note that discussed currencies could respond with different speed to changes in the US economy. Therefore, the GBP/NOK currency pair may be a specific indicator of these currencies fluctuations.
Norway is one of a highly developed, stable democracies with a modern economy. The country occupies the first positions on such economic indicators as quality of life and personal income level. Norway is the third largest producer and exporter of oil and gas. The main source of income of this Scandinavian country is the export of energy resources. In addition, Norway is the leading country in electrometallurgy, electrical engineering, mechanical engineering, etc. In addition, the Norwegian industry is a leading manufacturer of offshore drilling platforms for oil and gas. Also, Norway is a leader in mining and processing of a great variety of seafood, which are in high demand worldwide, especially in the European countries.
If you trade cross rates, it is necessary to remember that brokers usually set a higher spread than on more popular currency pairs, so before you start working with the cross rates, one should carefully read and understand terms and conditions offered by the broker to trade with specified trading instrument.
See Also
- Technical analysis / Video analytics
Forex forecast 16/05/2025: EUR/USD, USD/JPY, USD/CAD, Gold, Oil and Bitcoin
Technical analysis of EUR/USD, USD/JPY, USD/CAD, Gold, Oil and BitcoinAuthor: Sebastian Seliga
11:08 2025-05-16 UTC+2
1648
Fundamental analysisWhat to Pay Attention to on May 16? A Breakdown of Fundamental Events for Beginners
Few macroeconomic events are scheduled for Friday, and they are not more significant than the reports released on Thursday, which did not provoke any market reactionAuthor: Paolo Greco
06:17 2025-05-16 UTC+2
1498
Crypto-currenciesTechnical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday May 16, 2025.
If we look at the 4-hour chart, the Ethereum cryptocurrency appears to beAuthor: Arief Makmur
06:09 2025-05-16 UTC+2
1453
- Bears advanced—only to retreat immediately
Author: Samir Klishi
10:13 2025-05-16 UTC+2
1393
The EUR/USD currency pair traded in both directions throughout ThursdayAuthor: Paolo Greco
06:17 2025-05-16 UTC+2
1318
Bears cheered the Geneva meeting but lost heart following the inflation report.Author: Samir Klishi
10:21 2025-05-16 UTC+2
1303
- On Thursday, the GBP/USD pair showed minimal upward movement; however, the 5-minute timeframe indicates this was largely a sideways move
Author: Paolo Greco
06:17 2025-05-16 UTC+2
1258
Shares of Micron Technology are extending their steady rally, bolstered by encouraging technical signals. Investors are eyeing price targets at 117.34 and 137.12, making the stock attractive in both the short and medium termAuthor: Ekaterina Kiseleva
13:20 2025-05-16 UTC+2
1213
Japan on the Brink of RecessionAuthor: Kuvat Raharjo
11:00 2025-05-16 UTC+2
1168
- Technical analysis / Video analytics
Forex forecast 16/05/2025: EUR/USD, USD/JPY, USD/CAD, Gold, Oil and Bitcoin
Technical analysis of EUR/USD, USD/JPY, USD/CAD, Gold, Oil and BitcoinAuthor: Sebastian Seliga
11:08 2025-05-16 UTC+2
1648
- Fundamental analysis
What to Pay Attention to on May 16? A Breakdown of Fundamental Events for Beginners
Few macroeconomic events are scheduled for Friday, and they are not more significant than the reports released on Thursday, which did not provoke any market reactionAuthor: Paolo Greco
06:17 2025-05-16 UTC+2
1498
- Crypto-currencies
Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday May 16, 2025.
If we look at the 4-hour chart, the Ethereum cryptocurrency appears to beAuthor: Arief Makmur
06:09 2025-05-16 UTC+2
1453
- Bears advanced—only to retreat immediately
Author: Samir Klishi
10:13 2025-05-16 UTC+2
1393
- The EUR/USD currency pair traded in both directions throughout Thursday
Author: Paolo Greco
06:17 2025-05-16 UTC+2
1318
- Bears cheered the Geneva meeting but lost heart following the inflation report.
Author: Samir Klishi
10:21 2025-05-16 UTC+2
1303
- On Thursday, the GBP/USD pair showed minimal upward movement; however, the 5-minute timeframe indicates this was largely a sideways move
Author: Paolo Greco
06:17 2025-05-16 UTC+2
1258
- Shares of Micron Technology are extending their steady rally, bolstered by encouraging technical signals. Investors are eyeing price targets at 117.34 and 137.12, making the stock attractive in both the short and medium term
Author: Ekaterina Kiseleva
13:20 2025-05-16 UTC+2
1213
- Japan on the Brink of Recession
Author: Kuvat Raharjo
11:00 2025-05-16 UTC+2
1168