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Poland's growing market uncertainty

An increase in political uncertainty is likely to create increased market uncertainty at least until the autumn parliamentary election takes place. The reaction on the FX market will be observed in the coming days. 

"Limited PLN weakening is quite likely. It is also possible that rating agencies will be more cautious due to greater political and fiscal uncertainty higher political and fiscal policy. In the longer term, the process of euro adoption will be postponed for an indefinable period", according to Societe Generale.

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