FXStreet (Edinburgh) – Jakob Christensen, Head of EM Research at Danske Bank, expects the Polish currency to gather further traction in the longer run.
Key Quotes
“Uncertainty about future monetary policy and relations with the EU will continue to weigh on the PLN over the next couple of months”.
“As a result we lift our forecasts for EUR/PLN to 4.48 in 1M and 4.40 in 3M. On 6M and 12M horizons, we expect the PLN to strengthen to 4.30 and 4.15, respectively, as we believe strong economic fundamentals will increasingly come to the forefront, while political uncertainty dissipates and the global environment improves”.
(Market News Provided by FXstreet)