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Sell-Side Says EU Veto Deadlock Not Priced Into FX Markets

POLAND
PM Morawiecki:
  • We are in talks with Germany over EU budget veto, talks about a solution are ongoing
  • There could be another summit and many more months of talks on the budget
  • Poland is preparing for an EU provisional budget
  • Sell side notes that a deadlock at this week's EU summit is currently not priced into FX markets
  • Should result in significantly higher risk premia for PLN & HUF than markets reflect at present
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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