Exchange Rate Forecasts

by Jon Beddell Foreign Currency Market Update – GBP / NZD Update Sterling has had a bad week. After making a new high above 2.20 in August the Pound has been dented in recent days as investors start to price in the distinct possibility that the revised second quarter growth figure of 1.2% may mark [...]

by Jon Beddell Foreign Currency Market Update – GBP / NZD Update Falling consumer confidence and house prices are stoking growing alarm at the prospect of a double dip recession. As the new government introduced the prospect of sweeping budget cuts ratings agencies applauded and sterling rallied, but the signs are that consumers took fright [...]

by Jon Beddell Foreign Currency Market Update – GBP / NZD Update The pound bounced by seven cents from July 13th to July 19th, but gave back those gains last week, making a new four week low on Thursday even as UK retail sales data for June beat expectations. Things looked a little better on [...]

by Jon Beddell Foreign Currency Market Update – GBP / NZD Update Markets greeted the UK’s emergency budget with relief last week, bidding up the value of sterling as fears of a credit downgrade receded in light of positive initial comments by ratings agencies and economists. While making cuts that may dent economic activity, the [...]

by Jon Beddell Foreign Currency Market Update – GBP / NZD Update After gaining over 7% in mid May Sterling is once again on the back foot against the Kiwi as a rebound in global stock markets prompt investors to buy higher yielding / higher risk assets. This improvement in risk appetite benefits currencies like [...]

by Jon Beddell Foreign Currency Market Update – GBP / NZD Update Sterling has not shown any decisive reaction to the eventual election outcome. We expected a coalition going into the vote, so the fact one has now been delivered has left the markets somewhat unsure of what to do next. The impacts of the [...]