PLN Close To Fair-Value -Danske Bank

Polish zloty close to fair-value says Danske Bank after its significant and rapid strengthening in January. "The zloty appreciation has certainly materialized at a faster pace than what we had anticipated at the onset," Danske Bank says, noting it locked in its gains and closed its GBP/PLN position due to uncertainties both for the zloty and the sterling. Growth prospects and robust current macroeconomic data gave the zloty an edge recently, Danske adds. EUR/PLN trades at 4.206