GBPNOK - British Pound / Norwegian Krone
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The performance of the GBP/NOK currency combination is majorly impacted by the correlation between two significant European countries: the United Kingdom and Norway. Like many European currencies, fluctuations in value between the two regions often parallel one another. The low trading volume of GBP/NOK makes it more prone to volatility and sudden fluctuations than the four majors but it can still make an ideal investment for those looking for middling risk pairings to help diversify their portfolios.
Due to the cold climate and the barren soils of Norway, there is practically no agriculture in the country. Thatβs why it has remained one of the poorest and least developed. However, the progress and change of priorities in the world radically changed the situation in the second half of the 20th century, when it turned out that the Norwegian sea shelf was rich in oil.
If you are interested in trading the GBP/NOK currency pair, contact FxPro today and open trading account in several minutes.