Given the unpredictability of the supreme court decision on the Swiss Franc issue, economists at Danske Bank expect the zloty to suffer some downside pressure in the near-term. Nonetheless, the EUR/PLN is forecast to decline towards 4.45 over the next year. Short-term upside risk from Swiss Franc verdict “Given the possible demand for FX (in particular Swiss Franc), we think the PLN can come under pressure after the early May supreme court verdict and have raised our 1M target slightly to 4.58. We however see a falI in EUR/PLN over the coming years to 4.45 in 12M.” “We don’t think the cross will go all the way back to the pre-crisis levels due to the inflationary drift triggered by NBP’s acceptance of relative high inflation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Below 1.3750 can see a retest of key support at 1.3670/63 – Credit Suisse FX Street 2 years Given the unpredictability of the supreme court decision on the Swiss Franc issue, economists at Danske Bank expect the zloty to suffer some downside pressure in the near-term. Nonetheless, the EUR/PLN is forecast to decline towards 4.45 over the next year. Short-term upside risk from Swiss Franc verdict "Given the possible demand for FX (in particular Swiss Franc), we think the PLN can come under pressure after the early May supreme court verdict and have raised our 1M target slightly to 4.58. We however see a falI in EUR/PLN over the coming years to 4.45 in 12M." "We don't… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
