Zloty Weakens In Line With Broader Sentiment

EUR/PLN has added 142 pips so far to last change hands at 4.3210, with spillover from China defining sentiment at the start of the European session. Continued gains past Feb 7 high of 4.3381 would suggest that bullish momentum is picking up, while bears look for a retreat through the 4.30 figure and towards Mar 11 low of 4.2749. POLGB yields are higher across the curve, while the WIG20 Index holds near yesterday's close.

• The political turmoil around the NBP Governor remains front and centre, with the ruling coalition planning to table a motion to put him on trial as soon as next Tuesday. The adoption of this request would first lead to an investigation by a parliamentary committee, which would then recommend further course of action - potentially referring the case to the Tribunal of State.