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Key Technical Level Under Pressure Amid Zloty Strength

PLN

EUR/PLN is having a look through support from the round figure of PLN4.60 and consolidation below that level would open up scope for a sell-off towards the next level flagged by our technical analyst, Jun 9, 2022 low of PLN4.5781. The rate last changes hands -211 pips at PLN4.5994.

  • POLGBs have extended gains and last trade 5.7-9.2bp richer across the steepened curve, while the WIG20 index has added 0.75%.

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