The Pound Sterling (GBP) exchange rate experienced mixed trading against its Scandinavian peers on Thursday as volatility in the markets remains high and as attention focuses on the upcoming European Central Bank (ECB) policy meeting.
Pound Sterling to Danish Krone (GBP/DKK) Exchange Rate Firmer
The GBP/DKK exchange rate has been trading in a close range this week after the Danish Central Bank took the markets by surprise and cut interest rates further into negative territory on Monday. The move offered support to the Krone as it eased some of the pressure on the currency ahead of today’s ECB policy meeting.The Danish bank took the pre-emptive action in an attempt to keep the Danish Krone and the nation’s exports competitive. Today, the GBP/DKK exchange rate was trading in a narrow range as domestic Danish data came in mixed and the Pound found support ahead of the ECB meeting.
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