Danske Bank say in a morning note that if.....>

FOREX: Danske Bank say in a morning note that if Norges Bank comes out slightly

on the hawkish side compared with market pricing on Thursday, we could see some

temporary support for the NOK. However, the market would be likely to fade such

a move, as Norwegian economic fundamentals and monetary policy matter less in

the current weak global risk environment. Until we see further clarity on the

outlook for the global economy, trade war, etc, we prefer to stay on the

sidelines in EURNOK. 

- Due to a previously overlooked measurement technicality, we have decided to

revise our inflation forecast downwards. We now see CPIF at 1.5% (previously

1.6%). Our new lower call limits the potential downside in EURSEK, as we are now

only slightly above consensus at 1.4%, albeit we could still see the SEK

strengthening somewhat should we get it right.