EURPLN Staying Rangebound

UBS expects the Polish Zloty to remain rangebound against the Euro, balancing robust Polish GDP growth against historical currency valuations. The 3Q26 outlook is supported by reduced Middle East geopolitical risk.

Key Takeaways

• 1.We expect EURPLN to remain rangebound due to a balance of Poland's stronger growth outlook and the zloty's elevated valuation.
• 2.The 3Q26 EURPLN forecast was lowered due to reduced geopolitical risk in the Middle East and lower energy prices.

Table of Contents

• Our view and risks
• Key drivers
• Appendix

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