Exchange Rates UK dbrings you our latest exchange rate forecasts, analysis and currency outlook for Pound Sterling (GBP) to Swedish Krona (SEK), Danish Krone (DKK), Rand (ZAR), and Norwegian Krone (NOK) today:The British Pound (GBP) suffered heavily during the most recent day’s trading as falls against most of its actively traded currency peers resulted in significant erosion of value. The uncertainty surrounding the vote for Scottish Independence appears to be in the balance, confounding most analysts who previously had found it difficult to envisage polls leaning towards and independent Scotland.
At 15:00am (UK Time) Sterling (GBP) values were 1.2592 (-0.45%) for the Pound Euro exchange rate (EUR), at 1.6527 (-0.52%) for the Pound Dollar exchange rate (USD), at 1.5202 (-0.48%) versus the Swiss Franc (CHF) at 1.8037 (-0.12%) versus the Canadian Dollar (CAD), at 1.7807 (+0.05%) versus the Australian Dollar (AUD), at 1.9837 (+0.14%) versus the New Zealand Dollar (NZD), at 100.24 (-0.28%) versus the Indian Rupee (INR), at 17.7400 (+0.10%) versus South African Rand (ZAR), at 173.46 (+0.05%) versus the Japanese Yen (JPY), at 9.3790 (-0.47%) versus the Danish Krone, at 11.5781 (-0.45%) versus the Swedish Krona and at 10.2325 (-0.47%) versus the Norwegian Krone.
Pound to Danish Krone Exchange Rate Outlook
The Danish Kroner (DKK) gained strongly against Sterling in the day’s trading, mainly benefitting from the uncertainty surrounding the Pound with the vote for Scottish independence looming.
The Danish Kroner has seen a gradual loss of value over the last 3 months with a period low of 9.1729 and a high of 9.4494 as the Danish economy struggles to make head way.
Friday’s Industrial production figure is expected to show a fall from 5.6% to 2.16%.
Pound to Swedish Krona Forecast
The Swedish Kroner (SEK) in the runup to the Swedish election SEK has seen an element of uncertainty dominate.
The elections loom, with voting taking place in less than two weeks.
Henrik Unell of Nordea Bank observed that “The immediate election outcome and the period after could evolve into a political thriller that would justify a political risk premium being factored into the kroner”.
GBP/NOK
The Norwegian Kroner (NOK) surged versus the Pound on Scottish Independence woes.
Norway will see a data heavy day on Friday with the release of industrial and manufacturing production. Most analysts foresee a decline in the measures in question which could weigh on NOK.
Longer term concerns about the post oil boom economy of Norway are also starting to cause bearish positions to be taken by currency traders.
GBP/ZAR
The South African Rand (ZAR) failed to capitalise on the general fall in Sterling values during the day as it continued to trend above its 3 month average.
The rand is near its period high of 17.5744 at 17.7267, with a period low of 18.4679. Numerous sellers of the Rand are taking advantage of the valuation to lock in profits.