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GBP to NZD Forecasts

Polarised data from the UK, combined with a lack of appetite for the risky New Zealand Dollar, allowed the GBP NZD exchange rate to end the week trading higher. However, gains were not easily won. Tuesday’s inflation data showed that prices had grown by even more than expected in April. Economists had estimated inflation would [...]

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Confidence in the New Zealand Dollar weakened sharply in the wake of the Reserve Bank of New Zealand (RBNZ) May policy meeting. Markets were caught off guard by the more cautious tone that the central bank adopted, undermining expectations that a return to monetary tightening could be on the cards. Governor Graeme Wheeler noted that [...]

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Although the GBP/NZD exchange rate advanced above 1.88 last week (a multi-month high) the Pound has since dropped heavily against the New Zealand Dollar ahead of central bank announcements from the UK and New Zealand. Sterling’s dip against the New Zealand Dollar follows Emmanuel Macron’s landslide victory in the French Presidential election. Although the result [...]

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Despite a solid UK manufacturing PMI on Tuesday, the Pound to New Zealand Dollar exchange rate has been unable to return to last week’s multi-month highs following Monday’s losses. GBP/NZD had previously achieved its best rate since July 2016, briefly breeching 1.87 before returning to trade at 1.86. The Pound to New Zealand Dollar exchange [...]

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The Pound is largely managing to cling to its recent highs against the New Zealand Dollar today despite a pessimistic prediction for UK economic performance from IHS Markit. Last week, the Pound made decisive gains against the New Zealand Dollar, opening trading at 1.78 on Monday and closing at 1.82 on Friday – the GBP/NZD [...]

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GBP/NZD Volatile as Political Tensions Rise

Posted by:
Date: April 18th, 2017.

The Pound to New Zealand Dollar exchange rate advanced on Tuesday morning but remained below last week’s highs of 1.80. GBP/NZD has been strengthened by risk-averse attitudes, but the Pound’s gains were limited as the ‘Kiwi’ benefitted from strong Chinese growth data. GBP/NZD trended in the region of 1.79 at the time of writing. Despite [...]

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GBP NZD Volatility Expected on Inflation Data

Posted by:
Date: April 10th, 2017.

Another positive result at the latest GlobalDairyTrade offered a boost to the ‘Kiwi’ by encouraging greater confidence in the domestic dairy industry. Given the significant contribution made by the dairy industry to New Zealand’s economy, the modest increase in prices was well received. Even so, market preference for the Australian Dollar and a general increase [...]

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The New Zealand Dollar was undermined by stronger US data, particularly as confidence in the US administration began to recover somewhat. A sharp jump in consumer confidence encouraged investors to pile out of the antipodean currency, with the odds of the Fed pursuing a more aggressive pace of monetary tightening rising. This helped keep the [...]

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The GBP/NZD exchange rate hit its best level since December 2016 as a tumbling US Dollar boosted the appeal of the Pound. The New Zealand Dollar’s losses have come in spite of a positive assessment of the nation’s finances issued by Moody’s Investor Service. Last week the Pound gradually edged up from 1.76 to close [...]

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After the government’s Article 50 bill received parliamentary approval, passing without amendment, the GBP NZD exchange rate weakened. While the move eliminated some of the uncertainty surrounding Theresa May’s Brexit timetable, Sterling was weighed down by worries over the potential outcome of negotiations. Scottish First Minister Nicola Sturgeon was quick to call for a second [...]

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