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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- Poland consumer confidence fell to a new record low in August (-44.9) as economic outlook keeps deteriorating.
- We have seen that leading economic and financial indicators have been pricing in a significant deceleration in the economic activity in H2.
- Yesterday, economic data showed that Poland GDP came in significantly below expectations in Q2, falling by 2.3% QoQ (vs. -0.7% exp.) and decelerating to 5.3% YoY.
- Selling pressure on PLN has been elevated this morning, with the EURPLN approaching its 4.72 resistance; next level to watch on the topside stands at 4.7420 (50% retracement of the 4.4830 – 5.0010 range).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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