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GBP to NOK 2025 Forecasts

Analysis of recent sterling → krone forecasts for 2025. We collate forecasts from respected FX analysts together with the latest British pound to Norwegian krone performance and trends.

 

The GBP to NOK exchange rate has recently experienced notable fluctuations, with the pound (GBP) underperforming against the Norwegian krone (NOK). Analysts reported a significant decline for GBP at the end of July, contributing to its worst monthly performance in nearly two years. This downturn is attributed to ongoing concerns about the UK’s fiscal health, compounded by weak economic indicators and policy uncertainties, which have cast doubts over growth prospects for the remainder of the year. July’s manufacturing PMI suggested continued contraction in the UK factory sector, adding to the bearish sentiment surrounding Sterling.

Additionally, developments in US-UK trade relations, such as the imposition of a 10% reciprocal tariff by the US, have further complicated economic conditions for the GBP. The currency remains sensitive to domestic economic performance, monetary policy decisions by the Bank of England, and broader political events, particularly in the aftermath of Brexit.

In contrast, the NOK has demonstrated considerable strength recently, outperforming other major currencies and appreciating approximately 9% against the US dollar year-to-date. This uptick has been driven by improved European economic sentiment and a surprising inflation increase in Norway. Current market expectations indicate limited easing measures from the Norges Bank, with only a small amount of rate cuts anticipated in the coming year. Analysts suggest that the NOK could face headwinds if European sentiment weakens, particularly with the potential for rising US tariffs affecting economic confidence in the region.

As of the latest data, GBP to NOK is trading near 30-day lows at approximately 13.60, slightly below its three-month average of 13.69. This points to a relatively stable trading range of 3.8%, fluctuating between 13.35 and 13.86. Importantly, fluctuations in oil prices also bear relevance for NOK, as Norway is a significant oil exporter. Current oil prices are around 69.67 USD, which is 2.5% above the three-month average, though they have exhibited considerable volatility within a range of 60.14 to 78.85.

Looking ahead, the outlook for GBP against NOK hinges on the UK’s economic recovery trajectory, the Bank of England’s monetary policy, and shifts in market sentiment, particularly regarding trade relations and global economic developments. As the NOK remains influenced by oil price movements and broader economic conditions in Europe, businesses and individuals engaged in international transactions should consider these factors when planning currency exchanges.

GBP-NOK Rate Calculator

 
   
   
   
   
 
   
 
 

GBP to NOK Market Data

British pound (GBP) to Norwegian krone (NOK) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy NOK
1 GBP =
13.60We compare provider deals to this wholesale mid-market rate. Read more
NOK
-0.3%
30d-lows
GBP to NOK is at 30-day lows near 13.60, just 0.7% below its 3-month average of 13.69, having traded in a very stable 3.8% range from 13.35 to 13.86
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Compare & Save - British pound to Norwegian krone

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to Norwegian krone (NOK) rates from different sources before making a conversion.

Use our GBP to NOK calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Krone currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the Norwegian krone?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs Norwegian krone current value is to look the GBP/NOK historic rate and change over a range of periods.

The following table looks at the change in the GBP to NOK exchange rate over periods from the previous week back to the last 10 years.

DateGBP/NOKChangePeriod
18 Jul 2025
13.66
0.1% 2 Week
03 May 2025
13.82
1.3% 3 Month
01 Aug 2024
13.95
2.2% 1 Year
02 Aug 2020
11.92
14.4% 5 Year
04 Aug 2015
12.87
6% 10 Year
06 Aug 2005
11.36
20.1% 20 Year
GBP/NOK historic rates & change to 01-Aug-2025

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/NOK to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more