Pound Norwegian Krone forecast - GBP NOK

The Pound is not the only asset to have endured a torrid start to 2013 – crude oil has also come under sustained selling pressure since the turn of the year, sending the price of a barrel of Brent crude down to it lowest level of 2013 during Monday’s session. The wholesale oil price had dipped by over 7% in the last five weeks, hinting at...

Yesterday’s session saw the Pound Sterling lose ground against almost all of the other sixteen most-actively traded global currencies, with the notable exception of the risk-sensitive South African Rand. The Pound sank to a new 13-month low against the euro, but also slumped to fresh near-term lows against other European currencies...

This morning’s UK public sector borrowing data for last month showed at a higher level than expected, raising concerns that Britain may be about to relinquish its AAA credit rating. The POUND STERLING slumped against the other major global currencies following the release. With Friday’s UK Q4 GDP data expected to disappoint, the outlook...

There was double delight for investors holding the EURO this morning when August’s whole of eurozone Retail Sales figures beat expectations and July’s version was revised upwards. The positive news has seen the single currency well-supported on the day, sending the GBP EUR exchange rate down to 1.2480. The euro is expected to trade with a...

The QE3 equities boost appears to have run out of steam this afternoon. Thursday evening’s announcement by the FOMC saw world shares well-supported as we headed towards the weekend, however the Fed’s stimulus package wasn’t able to mask fears from institutional investors regarding various global situations for long. One potential...

Support for the US DOLLAR has once again eased during today’s session, in spite of this afternoon’s weaker than anticipated US Personal Consumption data. Ordinarily, on a day when shares have traded down and a weak domestic data set has been released, analysts would expect the Buck to strengthen. The fact that it hasn’t suggests that...

The POUND STERLING enjoyed a bullish start to today’s European session with the release of significantly better than anticipated UK retail sales numbers for last month. However, the bounce proved short-lived for the Pound, as investors soon stepped back and saw the bigger picture. That picture paints an image of a country with no growth in...

Another dismal day for the POUND STERLING has seen it give up ground against all of the other sixteen most actively-traded currencies. This morning’s Halifax House Price survey confirmed that Britain’s housing sector remains in the doldrums, but the major factor weighing down the Pound is the Q2 UK GDP growth figure, released almost two...

The Australian Dollar, New Zealand Dollar and the Canadian Dollar have all struck record highs against the embattled Euro. It also hit multi-month lows against the Japanese Yen, the Norwegian and Swedish crowns as well as a three and a half year low against the British Pound. The slumps come as investors grow increasingly concerned over...

Yesterday’s losses for global equities have been stemmed in early trading today, with London’s FTSE 100 opening up by a quarter of a percentage point. Fears over the latest eurozone summit, due to take place later this week, (injuries and illness permitting), took the edge off global appetite for risk yesterday, but with institutional...