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GBPNOK - British Pound / Norwegian Krone

Swap Short: 0 PointsSwap Long: 0 Points
Low: 0.00Spread MT4 floatingHigh: 0.00
Global Stock Exchanges Session Times
Sydney
6:59 pm (Local)
Opens in 62h 51m
Tokyo
5:59 pm (Local)
Opens in 63h 1m
London
9:59 am (Local)
Closes in 6h 31m
New York
4:59 am (Local)
Opens in 4h 31m

GBP NOK Trading Chart

D1
W1
M1
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
cTrader
cTrader
MT4
MT5
Execution
Market Execution
Market Execution
cTraderSpreads + 0.45$ per 10K traded
Minimum: 2.60Average: 25.37
cTrader Limit and Stop Level0
Used Margin (1:100 leverage rate) in US Dollar1000 X GBPUSD Rate
Minimum contract size0.01 lot
1 TICK value per 1 lot in USD10 / USDNOK Rate
Minimum step for increasing contract size0.01 lot
Margin requirements to open a lock position *0

Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday

* Only if Margin Level > 100%

The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

The performance of the GBP/NOK currency combination is majorly impacted by the correlation between two significant European countries: the United Kingdom and Norway. Like many European currencies, fluctuations in value between the two regions often parallel one another. The low trading volume of GBP/NOK makes it more prone to volatility and sudden fluctuations than the four majors but it can still make an ideal investment for those looking for middling risk pairings to help diversify their portfolios.

Due to the cold climate and the barren soils of Norway, there is practically no agriculture in the country. That’s why it has remained one of the poorest and least developed. However, the progress and change of priorities in the world radically changed the situation in the second half of the 20th century, when it turned out that the Norwegian sea shelf was rich in oil.

If you are interested in trading the GBP/NOK currency pair, contact TNXTrade today and open trading account in several minutes.

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