GBPDKK (British Pound vs Danish Krone). Exchange rate and online charts.
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20 Mar 2025 12:18
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GBP/DKK is a currency pair traded on Forex. Traders choose this trading instrument for high stability and predictability of the eurozone and Denmark economies. The most intense bidding on GBP/DKK occurs during trading sessions at European stock exchanges.
GBP/DKK is a cross rate against the U.S. dollar. Even though the U.S. dollar is not obviously present in this currency pair, it still considerably influences it. It is easy to see combining the GBP/USD and USD/DKK charts. The result of the combination is an approximate GBP/DKK chart.
Because the U.S. dollar has a significant influence on both currencies, for the correct forecast of a future GBP/DKK course it is essential to take into account the major U.S. economic indicators (discount rate, GDP, unemployment, new vacancies, etc.). It should be noted that the discussed currencies could respond to changes in the U.S. economy with different speed, so the GBP/DKK currency pair may be a specific indicator of change in these currencies.
Denmark is actively trading with the UK, its largest business partner. Denmark is a highly developed industrial-agrarian country with one of the best economic indicators in the world. This nation is rich in oil reserves that are mainly concentrated in the southern part of Jutland and on the shelves of the North Sea. However, the country is poor in minerals, which makes it reliant on imports. Denmark enjoys a durable economic relationship with all the developed countries of the world. It actively trades machinery, electronics, agriculture, mining, etc. Denmark's main trading partners are the EU countries.
Denmark has one of the most powerful economies in the world, which allows its currency to remain stable in pairs with other majors. The strong points of Denmark's economy are low inflation and unemployment, the presence of major oil and gas reserves on the North Sea shelf and in the south of Jutland, the high level of high technology development and competent professionals in all sectors of the economy.
Although Denmark has one of the most robust economies, its weaknesses are high taxes and decreasing competitiveness on world markets. If you trade GBP/DKK, you should focus on economic indicators of Denmark, as well as on the prices of oil and minerals needed to sustain Denmark's production.
If you trade cross rates, you should remember that brokers tend to set a higher spread for this currency pair, than for more popular currency instruments. That is why before you start working with cross rates, carefully learn the conditions offered by the broker you chose to trade with.
See Also
- Trading plan
How to Trade the GBP/USD Pair on March 20? Simple Tips and Trade Analysis for Beginners
The GBP/USD pair continued its upward movement on WednesdayAuthor: Paolo Greco
07:47 2025-03-20 UTC+2
1228
The Japanese yen maintains its bullish bias, driven by expectations that the Bank of Japan will continue raising interest rates this year.Author: Irina Yanina
11:31 2025-03-20 UTC+2
1183
Type of analysisGBP/USD: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex Trades
GBP/USD: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:07 2025-03-20 UTC+2
1183
- Trading plan
How to Trade the EUR/USD Pair on March 20? Simple Tips and Trade Analysis for Beginners
The EUR/USD currency pair traded with a slight decline on Wednesday, which was purely coincidentalAuthor: Paolo Greco
07:47 2025-03-20 UTC+2
1153
Type of analysisUSD/JPY: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex Trades
USD/JPY: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:08 2025-03-20 UTC+2
1138
Fundamental analysisWhat to Pay Attention to on March 20? A Breakdown of Fundamental Events for Beginners
There are several macroeconomic events scheduled for Thursday, primarily in the UKAuthor: Paolo Greco
08:15 2025-03-20 UTC+2
1063
- Jerome Powell reassured investors that the central bank has everything under control, which pleased S&P 500 bulls
Author: Marek Petkovich
10:05 2025-03-20 UTC+2
1033
US stock markets close strongly higher: S&P 500 gains 1.1%, Nasdaq 100 up 1.41%Author: Jakub Novak
10:30 2025-03-20 UTC+2
1033
Bulls have been attacking for two weeks, but it's time for a pauseAuthor: Samir Klishi
11:41 2025-03-20 UTC+2
1018
- Trading plan
How to Trade the GBP/USD Pair on March 20? Simple Tips and Trade Analysis for Beginners
The GBP/USD pair continued its upward movement on WednesdayAuthor: Paolo Greco
07:47 2025-03-20 UTC+2
1228
- The Japanese yen maintains its bullish bias, driven by expectations that the Bank of Japan will continue raising interest rates this year.
Author: Irina Yanina
11:31 2025-03-20 UTC+2
1183
- Type of analysis
GBP/USD: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex Trades
GBP/USD: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:07 2025-03-20 UTC+2
1183
- Trading plan
How to Trade the EUR/USD Pair on March 20? Simple Tips and Trade Analysis for Beginners
The EUR/USD currency pair traded with a slight decline on Wednesday, which was purely coincidentalAuthor: Paolo Greco
07:47 2025-03-20 UTC+2
1153
- Type of analysis
USD/JPY: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex Trades
USD/JPY: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:08 2025-03-20 UTC+2
1138
- Fundamental analysis
What to Pay Attention to on March 20? A Breakdown of Fundamental Events for Beginners
There are several macroeconomic events scheduled for Thursday, primarily in the UKAuthor: Paolo Greco
08:15 2025-03-20 UTC+2
1063
- Jerome Powell reassured investors that the central bank has everything under control, which pleased S&P 500 bulls
Author: Marek Petkovich
10:05 2025-03-20 UTC+2
1033
- US stock markets close strongly higher: S&P 500 gains 1.1%, Nasdaq 100 up 1.41%
Author: Jakub Novak
10:30 2025-03-20 UTC+2
1033
- Bulls have been attacking for two weeks, but it's time for a pause
Author: Samir Klishi
11:41 2025-03-20 UTC+2
1018