Posted by: Rewan Tremethick
Date: February 13th, 2017.
The Pound made a strong recovery last week and is bullish today, with GBP NZD exchange rates up 0.6% in the region of 1.7419. Hawkishness from Bank of England (BoE) policymaker Kristin Forbes boosted the Pound on Monday. The Monetary Policy Committee (MPC) member said in a speech that; ‘In my view, if the real [...]
December’s raft of New Zealand trade data proved encouraging for the ‘Kiwi’, showing that exports had risen further than forecast on the month to help narrow the trade deficit from -746 million to -41 million. This prompted greater confidence in the outlook of the domestic economy, seeming to lower the likelihood of the Reserve Bank [...]
The Pound to New Zealand Dollar exchange rate softened slightly when European markets opened on Monday as analyst concerns about the future of UK-US relations left Sterling generally unappealing despite low risk-appetite. As a result, GBP/NZD remained near the week’s opening levels of 1.72. The Pound performed solidly last week in anticipation of a meeting [...]
Posted by: Oliver Meredew
Date: January 24th, 2017.
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. [...]
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 [...]
Posted by: Rewan Tremethick
Date: January 10th, 2017.
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 [...]
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 [...]
Posted by: Josh Jeffery
Date: December 28th, 2016.
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 [...]
Posted by: Louisa Heath
Date: December 20th, 2016.
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. [...]
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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