NOK: Slight boost from 3Q Norwegian GDP - ING

Analysts at ING expect Norway 3Q GDP figures to show that the recovery from the oil price shock is continuing.

Key Quotes

“This should be NOK supportive, particularly in the context of NOK not benefiting from the recent spike in the oil price and EUR/NOK thus trading rather rich versus its oil price implied fair value.”

“With the EZ data calendar being fairly muted, the key driver of the cross will be the Norway GDP.”