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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
UBS recently released its price forecast for EUR/PLN and USD/PLN, indicating a bullish outlook for both pairs by 2026. They underscore that the expected macroeconomic stability in Poland, along with positive developments within the Eurozone and broader global trade, will bolster the PLN against both the EUR and USD.
UBS projects a strengthening of the Polish Zloty (PLN) against both the Euro (EUR) and the US Dollar (USD) by 2026. They assert that improvements in domestic economic fundamentals and a favorable external environment will be pivotal in supporting the PLN's appreciation.
In particular, UBS believes that stronger GDP growth, lower inflation pressures, and increased foreign investment will enhance the appeal of Polish assets. They reject a bearish scenario, citing the resilience of the Polish economy in the face of global downturns as a key counterpoint to any potential weakness in the PLN.
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Key takeaways
Market implications
The projected strength of the PLN emphasizes potential opportunities for investors in Polish assets, particularly in Eurozone and US markets. A strong PLN can increase demand for Polish exports, stimulating economic growth and possibly attracting foreign investment inflows.
Risks to this view
Potential risks to UBS's forecast include adverse geopolitical developments, inflationary pressures that could undermine economic stability, and shifts in monetary policy from key central banks that may lead to a stronger USD or EUR.
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Live cross-firm bank consensus across 38 desks — FX, oil & gold
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