Ella 
Poland held parliamentary elections.
There is no reason for the currency markets to price in euphoria for the Polish zloty.
An opposition coalition is likely to win a majority. This is a very positive sign for the Zloty!
Since the Polish Unionist Party is the strongest party after the election, it may demand to form a government first. As long as the Civic Alliance is united, there is no reason for the currency market to re-price today’s Zloty excitement.
On the other hand, the damage done by the Law and Justice (PiS) government continues. Government appointees remain in place, as does the central bank. To put it mildly, the unorthodox monetary policy has undoubtedly taken a toll on the zloty. Call me naive, but I hope the change of government will bring better changes in this area as well.
