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.
Trading CFDs involves significant risk of loss
How would you like to trade GBP/DKK?
- 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
Trading CFDs involves significant risk of loss
- 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
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Trading CFDs involves significant risk of loss
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
Trading CFDs involves significant risk of loss
Trade GBP/DKK with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
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'