__lc_cid
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
__lc_cst
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
rc::a
Valid: It does not expire
Cookies to correctly distinguish between human and bot-generated traffic.
rc::b
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
rc::c
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
NID
Valid: 6 months
Records a unique number to recognise the device you are using. It is used for advertising.
_ga
Valid: 2 years
Registers a unique user number to collect statistical data about how you use our website.
_gat
Valid: 1 day
Used by Google Analytics to reduce queries. Reduces the amount of statistical data collected.
_gid
Valid: 1 day
Registers a unique user number to collect statistical data about how you use our website.
yt-player-bandwidth
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
yt-player-headers-readable
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
CINKCIARZ_FX
Valid: 1 session
Maintains user sessions.
csrfToken
Valid: It does not expire
Protection against csrf attacks.
user
Valid: It does not expire
Stores information that indicates whether the user is from the USA.
browserId
Valid: It does not expire
Required for trusted browsers to function properly.
collect-bank-#
Valid: It does not expire
usłudze Collect. Remembers the last chosen bank in the Collect service.
collect-country-#
Valid: It does not expire
Remembers the last chosen country in the Collect service.
collect-currency-#
Valid: It does not expire
Remembers the last chosen currency in the Collect service.
social_offer_top20_currency-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Top 20 List).
social_offer_exchange_buy_fc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (First currency to buy).
social_offer_exchange_buy_sc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Second currency to buy).
social_offer_exchange_sell_fc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (First currency to sell).
social_offer_exchange_sell_sc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Second currency to sell).
#-service-popup
Valid: It does not expire
Remembers choosing "Do not show this message again." when changing providers.
missing-required-fields-form-#
Valid: It does not expire
Records information that the missing data form has been shown to the user.
The British Prime Minister has called for early elections for the 8th of June. This caused the pound to gain value. The dollar’s basket is at the lowest level since March 30th. The zloty condition has clearly improved.
Unexpected decision from Theresa May
Shortly after 12.00, the British Prime Minister, Theresa May, announced that she has called for an early election to be held on the 8th of June. Of course, it has to be approved by the House of Commons. After taking over the prime minister post in mid-2016, May claimed that she doesn’t see the necessity of holding elections before 2020. Today, however, she insisted that an early election is the only way to guarantee security and stability. Elections are to strengthen May’s position and improve the Brexit process.
Shortly before May’s testimony, the pound had been losing value. This was caused by a leakage of information regarding early elections. The GBP/USD went down from 1.26 to 1.252. However, subsequently the pair managed to increase to approximately 1.267. May’s announcement has caused the likelihood of the pound’s increased volatility to enlarge.
The dollar clearly lost due to the above information. The EUR/USD went from 1.064 up to 1.069. Moreover, the USD/JPY went below 1.09. This caused the dollar’s index to go below 100 points, which is its lowest level since March 30th.
The dollar was also not supported by the mixed data from the American real estates market. According to the Census Bureau, the amount of building permits decreased by 3.6% MoM in March (estimates: 2.8%). Moreover, the amount of initiated investments decreased by 6.8% MoM (estimates: negative 3%).
Zloty’s positive streak continues
The zloty was in a positive condition before May’s press conference. However, it strengthened even more afterwards. The zloty gained against the franc, euro and dollar. However, the GBP/PLN increased from approximately 4.98 to approximately 5.02.
The zloty remains strong against the forint. The PLN/HUF has been near its one-year maximum. The zloty has also been supported by the positive sentiment towards the emerging market currencies, as well as by the weaker dollar. The data regarding Poland’s industrial production and the retail sales on Thursday may appear crucial for the evaluation of the zloty.
Tomorrow’s events
At 11.00, the Eurostat will publish the CPI for March. The initial reading from the 31st of March appeared to be clearly worse than the market consensus (1.5% YOY vs 1.8% YOY). Furthermore, baseline inflation appeared to be worse than expected. Moreover, its reading at the level of 0.7% YOY was the worst since April 2016.
This data had a negative impact on the euro, because they have reduced the likelihood on a sooner monetary tightening by the European Central Bank. Currently, the market consensus is at a similar level as the initial readings were.
At 14.00, the Polish Central Statistical Office will present the data regarding salaries in the company sector for March. This index has been increasing over the past months and the market consensus assumes its further growth (4.3% YOY). Moreover, the employment rate for March is expected to grow as well (4.6% YOY).
This would be a positive signal for the Polish labor market, which has been struggling with the problem of a relatively low employment rate for years. Even though Poland’s unemployment rate is among the lowest in the European Union, the employment rate is one of the worst. Nevertheless, this data may have a limited impact on the zloty. The Polish currency remains susceptible to the sentiment towards the emerging market currencies. Moreover, the data that may appear more significant for the zloty will appear on Thursday (the industrial production and the retail sales).
See also:
Daily analysis 18.04.2017
Afternoon analysis 14.04.2017
Daily analysis 14.04.2017
Afternoon analysis 13.04.2017
Attractive exchange rates of 28 currencies
Live rates.
Update: 30s
Download our app
Stay tuned and make managing your favourite currency services faster, easier, and more convient. Wherever you are.