Stępień from BNP: greater uncertainty before the second round of elections can weaken the zloty

The results of the Exit Poll survey indicate greater uncertainty as to the result of the second round of presidential elections, which means that the market can value a larger risk bonus for PLN, so the more likely scenario for the next days is the weaker domestic currency – says the economist of BNP Paribas Wojciech Stępień.

“The Exit Poll result indicates a smaller space for an unambiguous result in the second round of presidential elections. Until now, the market assumed that the victory of Rafał Trzaskowski was a base scenario, which was reflected in the valuations and stabilized the gold quotation. After the exit poll study, uncertainty as to the outcome of the second round increased and the potential result in the form of the president from another camp than the current camp The field for the market to value a larger risk bonus in the case of PLN, “said PAP Biznes Stępień.

“Therefore, a more likely script for the next days is a weaker golden, not necessarily much weaker, with potential to reflect, depending on the development of the situation in the next two weeks before the second round. Generally, the script of larger divisions on the political scene in Poland may not favor gold” – he added.

The exit poll survey conducted by Ipsos commissioned by TVP, Polsat and TVN shows that Rafał Trzaskowski obtained 30.8 percent in the first round of presidential elections. votes, and Karol Nawrocki 29.1 percent Both candidates go to the second round of elections, which will take place on June 1.

According to poll results, Ipsos, the third place in the first round of presidential elections was taken by Sławomir Mentzen, who obtained 15.4 percent. votes.

The fourth is – according to Ipsos – Grzegorz Braun (6.2 percent), the fifth Adrian Zandberg (5.2 percent), and Szymon Hołownia with 4.8 percent took sixth place. votes. (PAP Biznes)

TUS/ PR/