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GBP/DKK: indicates the price of the pound in relation to the Danish crown. The currency pair’s rate is affected by the general state of the economies of Britain and Denmark. The UK economy relies primarily on the service sector and industry, while Denmark is the country that imports the most food products, it also has a well-developed service sector, chemical, pharmaceutical and food industry. The rate of DKK correlates with that of the euro. When analyzing this pair, major economic indicators of the UK, Denmark and the EU should be taken into consideration. The pair is an exotic instrument with high volatility. It’s suitable for scalping and other short-term strategies.
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