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Zloty Slips Ahead Of NBP Press Conference

PLN

EUR/PLN has added 41 pips to last trade at PLN4.6906, with bulls looking to clear Mar 20 high of PLN4.7215 before taking aim at the 50% retracement of the Feb 14 - Mar 1 sell-off at PLN4.7304. Conversely, bears see Mar 1 low of PLN4.6620 as their key near-term target.

  • POLGBs have firmed this morning, with yields last seen 5.0-10.8bp lower across the curve. The WIG20 index has shed ~0.4% this morning.
  • The NBP press conference will begin at 14:00BST/15:00CEST. The MPC yesterday voted to leave interest rates unchanged for the seventh consecutive time.

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