- Analytics
- News and Tools
- Market News
- EUR/PLN expected at 4.35 by year-end – SocGen
EUR/PLN expected at 4.35 by year-end – SocGen
Economists at Société Générale revise their EUR/PLN forecast down to 4.35 in the fourth quarter.
Stronger PLN
We are revising our EUR/PLN baseline forecast lower, starting with 4Q23. Our original 4Q23 forecast was 4.60, as many pre-election polls were indicating a strong possibility of a hung parliament. That scenario might have led to more costly fiscal promises, delays to EU fund disbursement, and potentially more NBP rate cuts.
Our new 4Q23 forecast is 4.35, reflecting the higher probability of an earlier disbursement of EU funds, and what is likely to be a more hawkish NBP stance in actual decisions and verbal comments. Also, this should reflect a higher EUR/USD compared to current levels, as expected by our G10 strategists.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
