NOK: GDP to power ahead - ING
|Analysts at ING suggest that there'll be a lot of focus on Norway's release of 3Q18 GDP figures.
Key Quotes
“Consensus expects mainland GDP to grow 0.5% QoQ; we see risks closer to 0.7-0.8% QoQ, which should help firm up 1Q19 as the timing for the next move in the Norges Bank tightening cycle.”
“NOK has been suffering slightly on the lower oil price, but with Eurozone growth slowing and the timing of ECB normalisation being called into question, we suspect that NOK will find buyers on dips.”
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