Poland's FX Mortgage Loan Burden a Key Risk to The Zloty
Prior to the 2007 financial crisis, there was an assumption the Zloty would maintain its appreciation, making mortgages denominated in foreign currency popular, particularly in the Swiss Franc. Yet this hasn't proved the case. The Zloty has in fact lost more than twice its value against the CHF since late 2008.
The GBP Week - Bias is Bearish
There are some suggestions that the prospect of a probable Sep no confidence vote from the (maybe) 'Remain' Labour Party could inspire a significant correction towards 1.24-1.25 near-term amid purported reduced demand for puts in the options market. However, even if we see those sort of levels we only see fresh sell opportunities.
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