Trade GBP/DKK

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    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.
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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.

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