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PLN Slightly Weaker Following NBP Decision

POLAND
  • EURPLN bounces higher following the decision, with the pair trading back above the 4.57 level.
  • As expected, the 50bps hike was largely priced in by the market, therefore PLN could give up some of the recent gains.
  • EURPLN is currently trading around its 200DMA.
  • NBP will release statement at 3.30pm (London time).

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