GBP/NOK exchange rate (GBPNOK) — live chart
Follow the live British Pound / Norwegian Krone price and chart, check the contract specifications and see what moves GBPNOK.
Chart and quote are a third-party TradingView feed for information only and can differ slightly from Xellion's MT5 prices.
About British Pound / Norwegian Krone
GBP/NOK is the exchange rate between the British pound and the Norwegian krone. The price shows how many Norwegian kroner one British pound buys: when GBPNOK rises, the British pound is strengthening against the Norwegian krone; when it falls, it is weakening.
GBP/NOK is a minor or exotic cross, so it usually trades with less liquidity and wider spreads than the majors and can move sharply around local news. The British pound is one of the oldest currencies still in use and is traded heavily in London, the largest forex centre. The Norwegian krone is tied to oil and gas, Norway's main exports, and to flows from its large sovereign wealth fund.
On Xellion's MT5 platform GBPNOK is traded as a CFD, so you can go long or short without exchanging either currency. One standard lot is 100,000 British pounds; the pip size and value are shown in the MT5 contract specification.
What moves the price
- The gap between interest rates set by the Bank of England and Norges Bank, and expectations for where they go next
- UK inflation, wage and jobs data
- UK budget announcements and political news
- Crude oil and natural gas prices
- Norges Bank policy and Norwegian inflation
- Trade flows and major economic releases from the United Kingdom and Norway
| Symbol | GBPNOK |
|---|---|
| Contract size | 100,000 GBP |
| Leverage | Up to 1:2000 |
| Trading hours | 24 hours a day, Monday to Friday |
Live spreads and swaps are shown in MT5. Exact session times are in the MT5 contract specification; leverage depends on your account and country.
GBPNOK questions
What does the GBPNOK price mean?
It is the number of Norwegian kroner needed to buy one British pound. A rising price means the British pound is gaining against the Norwegian krone; a falling price means it is losing ground.
When is GBPNOK most active?
Like all major FX pairs, GBPNOK trades around the clock on weekdays, but it is usually busiest during the London session, when markets for both currencies are open.
How much is one pip worth on GBPNOK?
Pip value on GBPNOK depends on the pip size in the MT5 contract specification and on the Norwegian krone exchange rate against your account currency. Because Norwegian kroner are converted into your account currency, the value per pip changes as that rate moves.
How much margin do I need for one lot of GBPNOK?
Margin is the position value divided by your leverage. One lot is 100,000 British pounds, so at 1:500 you need 200 GBP and at 1:100 you need 1,000 GBP, converted into your account currency. Leverage up to 1:2000 is available depending on your account; the margin calculator gives the exact figure.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Charts and prices on this page come from TradingView for information only and are not investment advice. Risk disclosure