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EUR/PLN Spikes Higher, but no Word of Intervention from the NBP

POLAND
  • Sharp move higher in EUR/PLN today after spot move through yesterday's low around the 50% fib of the move higher related to NBP intervention.
  • Now trading above 21-Dec highs around 4.5227. Thin liquidity exacerbating moves
  • Price action looking remarkably similar to when the NBP sold Zloty on 18 Dec
  • but no announcement has been made by the NBP alluding to any intervention
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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