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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
- GBPPLN has remained strong in January despite the recent market turmoil; the zloty is down 0.3% against Sterling since the start of the year.
- As a reminder, GBP is the most vulnerable currency among the G10 during periods of surging price volatility; the pound generally depreciates sharply when VIX soars.
- Even though GBP has been performing poorly against major crosses in the past two weeks, PLN has been even more vulnerable due to Russia-related tensions.
- Given Poland bigger dependence on imports from Russia, PLN has been significantly impacted by the recent turmoil.
- GBPPLN hit a new local high at 5.5010 earlier today; next strong resistance to watch on the topside stands at 5.60.
- On the downside, first support stands at 5.4590 (50DMA), followed by 5.4330 (100DMA).
Source: Bloomberg
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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