CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
The base currency – EUR. The counter currency – NOK. The EUR/NOK chart represents the relationship between the euro and the Norwegian krone. Emitted by the European Central Bank, the euro is the second most traded currency in the world. It is used by the European currency bloc, called the Eurozone, and is the official currency of 17 states. The currency of Norway, the Norwegian krone, is also a popular currency in European trades. The value of NOK in comparison with other currencies, EUR in particular, significantly depends on oil prices and interest rates. To browse the latest Forex EUR/NOK rates, follow Capital.com.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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