Exchange Rates Today - British Pound To Rand, Swedish Krona, Norwegian Krone And Danish Krone Rates Sink

Published: 20 Oct 2017 21:23 Forex

british pound exchange rates

Today's forex exchange rate news and forex forecasts for the UK Pound (GBP) to Rand (ZAR), the Swedish Krona (SEK), the Norwegian Krone (NOK) and the Danish Krone (DKK) conversion rates today.

Our foreign exchange analysts take a look at each of the aforementioned currencies and discuss potential economic events to watch for.

First, here's a breakdown of the current markets today (updated):

On Friday the South African Rand to British Pound exchange rate (ZAR/GBP) converts at 0.042

Today finds the pound to south african rand spot exchange rate priced at 23.908.

At time of writing the pound to norwegian krone exchange rate is quoted at 13.723.

The GBP to SEK exchange rate converts at 13.521 today.

The GBP to DKK exchange rate converts at 8.736 today.

Please note: the FX rates above, updated 29th Mar 2024, will have a commission applied by your typical high street bank. Currency brokers specialise in these type of foreign currency transactions and can save you up to 5% on international payments compared to the banks.

Pound to Norwegian Krone Rate: GBP/NOK

Following the publication of Norway’s inflation data and Producer Price Index, the Pound to Norwegian Krone was trading in the region of 10.7401 - down 0.5% on the day’s opening levels.

Norway’s inflation rate came in at 2.0% in October, year-on-year, down from 2.1% in September but higher than estimates of 1.8%. Meanwhile, the nation’s Producer Price Index registered at -3.4% last month.

This followed a reading of -3.8% in September, but as the figure was worse than the -3.2% forecast, the result weighed on the Norwegian Krone.

Further reports for Norway are lacking this week so additional movement in the GBP/NOK pairing will be due to developments in the UK, including the nation’s employment data and the Bank of England’s inflation report.

Next week Norway is scheduled to publish trade balance stats and GDP data.

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Pound to Swedish Krona Rate: GBP/SEK

Ahead of the release of Sweden’s inflation rate report, the Pound to Swedish Krona was trading in a narrow range, moving between highs of 11.7645 and lows of 11.6969.

The Pound came under pressure as UK Prime Minister David Cameron commented on Britain’s place in the EU, but the currency was little changed following the release of the UK’s employment confidence index.

This week’s only Swedish report is the nation’s inflation rate stats for October, due out tomorrow.

The following week sees the publication of the nation’s Unemployment Rate numbers and Producer Price Index.

The level of joblessness is expected to hold at 7.2% while the annual PPI is believed to have risen from 1.7% to 3.6% in October.

Pound to Rand Exchange Rate Today: GBP/ZAR

Tomorrow could prove to be a volatile day for the Pound Sterling to South African Rand exchange rate as South Africa is set to publish its Manufacturing Production report for September.

The Rand has lost significant value of late in relation to the key global forex counterparts.

Production is believed to have fallen by 1.3% on the month in September following the 2.2% gain recorded in August.

This report will be followed on Wednesday by the nation’s retail sales data for September.

Sales growth of 0.3% is expected. This would take the annual sales figure to 1.8%, down from 2.1% the previous month.

Before the end of the week South Africa will also be issuing Mining Production stats.

Pound to Danish Krone Rate Outlook: GBP/DKK

On Monday Denmark published a stream of domestic reports, including industrial production figures, current account data, inflation rate figures and balance of trade stats.

Industrial production fell by 0.6% on the month, a worse decline than forecast, while inflation held at 0.5% and the trade balance narrowed.

The Pound to Danish Krone exchange rate was little changed after the stats were released, with GBP/DKK moving between lows of 9.4560 and highs of 9.4890.

Next week Denmark will be releasing consumer confidence and retail sales figures.

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