Zloty Edges Higher Along CE3 Peers & POLGB Yields

EUR/PLN is under light pressure and last deals -20 pips at 4.3760 as CE3 peers show some strength this morning. Bears look to force a break through Jan 9 low of 4.3309 before taking aim at Dec 13 low of 4.2935. On the flip side, Jan 17 high of 4..4124 provides the initial layer of resistance. USD/PLN holds above the psychologically significant 4.00 figure despite mild losses today.

• POLGB curve has moved higher and runs slightly steeper, with yields last seen 5.1-7.0bp better off, even as US Tsys are marginally firmer as we type. This may be providing a degree of support to the zloty, even as the WIG20 Index (which shows strong historical correlation with the local currency) has shed 0.5% this morning.
• The Sejm resumed session without two ousted PiS lawmakers who insist that they should be allowed to continue serving as MPs. Earlier this morning, the Sejm's Presidium decided that they can enter parliament buildings but not the plenary hall.