EUR/PLN is tracking higher this morning and last deals at PLN4.6888, nearly 100 pips better off on the day, retracing the entirety of Friday's losses. The key risk event in Poland this week is the NBP's monetary policy decision, albeit the central bank is widely expected to keep interest rates unchanged, with below-forecast October CPI reading supporting the case for continued pause in the hiking cycle.

• Local-currency gov't bond yields are slightly lower across the curve. The yield on benchmark 10-year yield operates near multi-week lows.
• WIG20 has found poise, adding 1.5% so far. This stands in contrast with losses for Hungary's BUX, but Czechia's PX has also lodged some gains.
• From a technical perspective, the next bullish target is provided by Dec 1 high/200-DMA at PLN4.7097/4.7119, followed by Nov 22 high of PLN4.7177. On the flip side, bears need sales past Nov 30 low of PLN4.6595 to regain control.