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 [...]
Posted by: Louisa Heath
Date: March 20th, 2017.
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 [...]
The Pound opened trading this week in a comparatively strong position against the New Zealand Dollar, rising by 0.5%. Despite this, the Pound’s general outlook for the week is negative in light of the upcoming events. Last week, the Pound to New Zealand Dollar exchange rate improved slightly from 1.74 to 1.75. The Pound’s advance [...]
A choppy few days of trading last week saw the GBP NZD exchange rate fall to a one-month low of 1.71, before rebounding to an eight-week high of 1.75. The GBP NZD exchange rate saw choppy trading last week, edging down to its lowest level in nearly a month of 1.71 on Wednesday. The pairing [...]
The Pound to New Zealand Dollar exchange rate was unable to hold recent gains as New Zealand’s economic outlook remained solid, keeping the ‘Kiwi’ afloat. Demand for the Pound slipped on Monday amid fresh Brexit and Scottish independence referendum concerns. After putting on a solid performance for most of last week, the Pound slumped when [...]
Confidence in the ‘Kiwi’ weakened markedly in the wake of disappointing New Zealand manufacturing PMI and retail sales data. As the manufacturing index slipped from 54.2 to 51.6 in January this somewhat undermined the resilient outlook of the domestic economy. Coupled with a general decrease in market risk appetite this saw the New Zealand Dollar [...]
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. [...]
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