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GBP to NZD Forecasts

In an unexpected development, the Pound dropped against the New Zealand Dollar after the hotly anticipated Supreme Court announcement – despite the result seeming to support GBP demand. The New Zealand Dollar’s advance against the Pound came even as a fledgling Trump administration dealt a heavy blow to the future of New Zealand’s trading ambitions. [...]

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GBP NZD Rallies After PM Brexit Speech

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Date: January 17th, 2017.

The latest Chinese trade data saw risk appetite fade ahead of last weekend, denting the New Zealand Dollar in the process. Disappointingly, exports were found to have contracted by -6.1% rather than the -3.8% forecast. This undermined confidence in the health of the world’s second largest economy, putting renewed pressure on commodity-correlated currencies as market [...]

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The GBP NZD exchange rate has bounced off a nine-week low today, despite continued fears that the UK is heading for a ‘Hard Brexit’. Last Tuesday saw the GBP NZD exchange rate weaken despite positive data for the UK and bad news for New Zealand. The UK manufacturing PMI defied expectations that it would creep [...]

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GBP NZD Strengthens as Dairy Prices Slip

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Date: January 3rd, 2017.

Despite domestic data being generally lacking, the New Zealand Dollar nevertheless saw some volatility last week, fuelled by shifting market risk sentiment. An unexpected widening of the US trade deficit increased the appeal of the ‘Kiwi’, suggesting that the world’s largest economy is not in such a robust state as previously thought. This prompted investors [...]

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The Pound to New Zealand Dollar exchange rate fell to a two-week-low on Wednesday as UK and New Zealand markets reopened after the Christmas period. A fresh risk-rally meant the ‘Kiwi’ was able to easily capitalise on the latest Pound weakness. Last week saw the Pound slump in reaction to the latest Brexit news and [...]

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A sharp decline in New Zealand manufacturing activity in the third quarter delivered a blow to the ‘Kiwi’ by undermining confidence in the health of the domestic economy. With risk appetite generally weakened thanks to high expectations of a Federal Reserve interest rate hike, this saw the Pound New Zealand Dollar exchange rate trending higher. [...]

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New NZ PM Sworn In, GBP NZD Dips

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Date: December 12th, 2016.

The Pound has already dipped slightly against the New Zealand Dollar this week, and the future could hold more dramatic losses for GBP NZD. Last week, the interbank Pound to New Zealand Dollar exchange rate gradually declined by 3 cents, starting at a high of 1.79 on Monday before dropping to a low of 1.76 [...]

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  After tumbling during the first half of last week, the GBP NZD exchange rate managed to rebound and continues to make gains today after New Zealand’s Prime Minister resigned unexpectedly over the weekend. Last week was one of two halves for the Pound New Zealand Dollar exchange rate. A meeting to discuss curbing oil [...]

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Brexit speculation and a strong focus on the outlook for US monetary policy kept the GBP NZD exchange rate trending widely over the past seven days. GBP NZD climbed to a monthly high of 1.78 on Friday, but has more recently been trending at a two-week low of 1.74. Tuesday’s UK data saw investors looking [...]

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The Pound New Zealand Dollar has been trading closely today, though if forecasts are anything to go by, this narrow trending may deteriorate into a significant slump by the middle of the week. The New Zealand Dollar has managed to hold its ground despite ongoing concerns about how much earthquake repairs will cost. Last week, [...]

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