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 – CHF. The counter currency – NOK. The CHF to NOK pair shows how the Swiss franc is related to the Norwegian krone. Also referred to as the ‘Swissie’, the Swiss franc is the national currency in two countries – Switzerland and Liechtenstein. The Swiss franc is subdivided into 100 centimes and is abbreviated ‘Fr.’ Switzerland is not a member of the EU and is considered a safe haven economy. The country’s monetary policy is managed by the Swiss National Bank. The Norwegian krone, NOK, is the national currency of Norway, which boasts a high standard of living and a stable economy with considerable state ownership. NOK is currently a free-floating currency, issued by Norges Bank. Learn how NOK relates to the Swiss franc at 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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