Downside potential in play for GBPNOK? ...Middle East

forex live - News
Downside potential in play for GBPNOK?
source : forex live ( Middle East ) () 25
Rationale for long NOK: The Norges Bank is one of the last central banks likely to cut rates. The bank's decision to keep rates on hold, coupled with elevated inflation expectations and wage growth, suggests a hawkish stance. The NOK is considered extremely undervalued, and the Norges Bank's preference for a higher exchange rate to combat imported inflation supports a long NOK position.Rationale for short GBP: The language from the Bank of England showed a dovish bias last week, discussing potential rate cuts despite sticky core inflation. The report suggests that a late summer rate cut is likely. The GBP is seen as vulnerable due to high inflation and potential rate cuts, making it a suitab

Read More Details
Finally We wish PressBee provided you with enough information of ( Downside potential in play for GBPNOK? )

Apple Storegoogle play

Also on site :

Most viewed in News
Tennis Legend, 81, Makes Rare Public Appearance at Wimbledon 59 Years After Winning
Parade - before 9 hours & 44 minute
Parts of I-55, I-80 to be closed for several nights starting Monday
NBC Chicago - before 2 hours & 23 minute
Greece detains 1,200 migrants in three days as arrivals from Libya surge
Independent - before 9 hours & 14 minute
General YouTube: Germany’s newest military chief is a warlord of his own Ukraine-cheering fantasyland
Russia Today - before 8 hours & 20 minute
Foundations Race to Save Vaccine Progress
Medscape - before 7 hours & 44 minute
Iran will pursue all legal avenues to seek redress from its attackers
Aljazeera - before 10 hours & 20 minute
Police: South Lake Tahoe man came to Oakland to sexually abuse teen
mercury news - before 9 hours & 14 minute
Wendy's Leak Suggests Spooky New Frosty Flavor Is Coming Soon
Parade - before 5 hours & 32 minute
Orange County Emergency Services: No Fatalities Reported From Storm, New Shelter Opens for Flood Victims
chapelboro - before 6 hours & 37 minute
Trump Announces New Tariffs in Bizarre Copy-Paste Letters
The New Republic - before 5 hours & 57 minute
Hillsborough Under Boil Water Notice After Treatment Plant Floods During Severe Storm
chapelboro - before 8 hours & 20 minute
Brazil’s Lula accuses NATO of fueling arms race
Russia Today - before 6 hours & 20 minute


Latest News

IOVA Deadline: IOVA Investors Have Opportunity to Lead Iovance Biotherapeutics, Inc. Securities Fraud Lawsuit

before 2 minute

Drake Says 'Death to a Traitor' on New Track About Kendrick Lamar Drama

before 4 minute

Kyra Sedgwick’s Signature Dish Is So Relatable (and Approved By Kevin Bacon)

before 4 minute

PBOC is expected to set the USD/CNY reference rate at 7.1772 – Reuters estimate

before 5 minute

Highway 101 Traffic to Shift Southbound between Montecito and Santa Barbara this Weekend

before 6 minute

Michigan man killed after firing at Texas Border Patrol station

before 6 minute

First responders search Chatfield Reservoir for missing paddleboarder

before 6 minute

Shannon Beador pulled over and cited by cops nearly 2 years after DUI arrest: report

before 8 minute

Death toll from catastrophic flooding in Texas over the July Fourth weekend surpasses 100

before 9 minute

Cierra Ortega exits ‘Love Island USA’ villa following backlash over resurfaced racial slur posts

before 9 minute

Millions of dollars stolen from Illinois SNAP beneficiaries, records show

before 9 minute

Trump: 'We have to' send Ukraine more weapons 

before 9 minute

In Taiwan, migrants flee oppressive workplaces for life on the periphery

before 11 minute

Long-Awaited Red Sox Announcement Spells Bad News For $3.75 Million All-Star

before 12 minute

California rejects Trump administration proposal on transgender athletes

before 15 minute