Trade GBP/DKK

0 (0%)
Daily change
High:
Low:

Thinking of trading GBP/DKK?

    1. While the Danish Krone's most commonly traded currency counterpart is the Euro, the Pound Sterling to Danish Krone (GBP/DKK) exchange rate has also experienced considerable movement in recent years. The GBP/DKK exchange rate has moved from lows of 8.15 Krone to highs of 9.54 Krone and the 2014 slide in oil prices helped the Pound advance against its European peers. 2. While Denmark has few natural resources, with the services sector accounting for the largest proportion of GDP, the nation does produce oil, natural gas and both bio and wind energy. The price of these commodities therefore affects the Danish Krone.
Start Trading

Trading CFDs involves significant risk of loss

Get daily trading signals

  • Shares/Indices
  • Forex
  • Gold/Oil
BUYSELL

Powered by
TradingCentral

Trading CFDs involves significant risk of loss

How would you like to trade GBP/DKK?

Fondex cTrader features an impressive array of trading tools that can help you analyse the Forex market with efficiency and precision.
  • Tight spreads & reliable execution
  • 70+ pre-installed indicators
  • Custom indicators
  • 26 time frames
  • Live Sentiment data
  • Chart trading
  • Advanced Take Profit & Stop Loss
  • Depth of Market
TRADE MANUALLY

Trading involves risk of loss

Fondex cTrader’s Copy functionality enables you to copy strategies from other traders or provide signals and charge a fee.
  • Vast selection of strategies to copy
  • Efficient risk management
  • Can start and stop copying at your will
  • Flexible allocation of funds
  • Detailed performance reports
  • Full transparency & access to historical data
COPY

Trading involves risk of loss

Use cBots to monitor and trade multiple Forex pairs at the same time. When you use cBots to trade, an algorithm opens and closes your positions without any decision-making on your part.

For beginners:

  • Great choice of available cBots for various trading strategies and risk tolerance levels
  • Simple Plug and Play functionality

For advanced traders:

  • Ability to create your own cBot or custom indicator
AUTOMATE

Trading involves risk of loss

Denmark has no set national minimum wage, it is also the country with the lowest level of inequality in incomes in the whole world, and there is a low unemployment rate of just 6.2%, well below the average of 11.2% within the Euro area.Although Denmark is within the EU, it is not one of the Eurozone countries, having chosen to retain its own currency, the Danish Krone, rather than opting into the single Euro currency during a referendum that took place in 2000.In the period 1940 to 1945, the Krone was pegged to the German currency, but after the German occupation ended, the rate of 24 Kroner to the GBP was introduced.The British Pound is the oldest currency still in use today, as well as one of the most commonly converted currencies. The Falkland Islands, Gibraltar, and Saint Helena are all pegged at par to the GBP.

1. The Pound to Danish Krone (GBP/DKK) exchange rate is more likely to be driven by Brexit developments or Eurozone data; if there is any surprising Brexit news the Pound to Danish Krone (GBP/DKK) exchange rate outlook would certainly be impacted. 2. Denmark's largest non-European trading partner is the United States, which accounts for about 5% of the total amount of Denmark's trade in merchandise, with chemical products, pharmaceuticals, furnishings, Lego, tinned pork and ham, and industrial machinery being the primary exports to the US. Denmark also imports a large amount of American goods, including instruments, machinery, computers and aircraft. This makes of the USD an indirect reason for the price of this pair to fluctuate.

Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.

For more information, please view the 'Risk Disclosure'