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Zloty Slips Ahead Of NBP Presser

PLN

EUR/PLN corrects its recent sell-off and ticks away from its worst levels since February 2022. The rate last trades at PLN4.5238, up 53 pips on the day, with bulls looking for an attack on the 20-EMA, which kicks in at PLN4.5863. Bears see the PLN4.5 figure as their initial target.

  • POLGBs are stronger across the curve, last trade 4.6-6.9bp richer. The WIG20 Index has added ~0.4% so far.
  • NBP Governor Adam Glapinski will hold his press conference at 14:00BST/15:00CEST after the Monetary Policy Council left interest rates unchanged yesterday. With the statement offering little in the way of fresh insights, the presser will steal the limelight as participants look for hints on the likely timing of first rate cuts.

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