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EUR/PLN Rangebound Ahead of NBP; Traders Respecting NBP Line in the Sand

POLAND
  • EUR/PLN rangebound between 4.5129 - 4.5366 ahead of tomorrow's NBP.
  • Base case remains for a hold, despite overtly dovish rhetoric.
  • Traders respecting the 4.48-4.50 line in the sand for now with a high likelihood of further PLN jawboning in tomorrow's statement keeping PLN longs on the backfoot.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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