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GBP to NZD Forecasts

GBP NZD Rebounds from 3-Week Low

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Date: July 24th, 2017.

After dropping to a three-week low before the weekend, the Pound advanced against the New Zealand Dollar on Monday despite a negative forecast for the UK economic outlook. The biggest Pound-support today has been talk of a trade deal being forged between the UK and US, with trade negotiators from both countries meeting in Washington [...]

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The latest raft of UK labour market data failed to bolster the appeal of the Pound for long, even though the unemployment rate unexpectedly fell from 4.6% to 4.5%. Wage growth remained distinctly disappointing, with the average weekly earnings measure slowing from 2.1% to 1.8% in the three months to May. This indicated that the [...]

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Commentary from various Bank of England (BoE) policymakers has increased volatility for GBP exchange rates in recent weeks. A slightly more upbeat assessment from Governor Mark Carney encouraged renewed speculation that the BoE could raise interest rates sooner rather than later. However, while this helped to boost the Pound against its rivals, the currency struggled [...]

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GBP NZD Rate Close to 3-Week High

Posted by:
Date: July 3rd, 2017.

The Pound was able to remain in the region of a three-week high against the New Zealand Dollar on Monday despite the release of weaker than forecast UK manufacturing data. After rallying last week on the back of Bank of England (BoE) rate hike expectations, the Pound’s bullish attitude faltered slightly on Monday following the [...]

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GBP/NZD Fluctuates after NZ Trade Data

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Date: June 27th, 2017.

The Pound to New Zealand Dollar exchange rate has fluctuated this week, with the Pound failing to be supported by the latest British political developments and the ‘Kiwi’ not successfully capitalising on rising risk appetite. GBP/NZD has spent the week so far fluctuating between highs of 1.75 and lows of 1.73. Despite developments in Britain’s [...]

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The Pound to New Zealand Dollar exchange rate has fluctuated within a large range since last week. Due to a lack of strong domestic data, the New Zealand Dollar has been unable to capitalise on the Pound’s political jitters as Brexit negotiations begin. GBP NZD briefly dipped to 1.7499 on Monday but has generally trended [...]

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In recent GBP/NZD news, the latest ANZ Truckometer encouraged confidence in the ‘Kiwi’, showing a strong rebound on the month. As the measure jumped 4.1% this encouraged speculation that inflationary pressure within the New Zealand economy is building. A general uptick in market risk appetite also improved the appeal of the antipodean currency, with demand [...]

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The Pound has recorded modest gains against the New Zealand Dollar today, but could experience turbulence ahead of Thursday’s general election vote. Last week, the Pound lost around two cents against the New Zealand Dollar as comparatively positive UK data failed to lift Sterling in the face of ongoing political jitters. The Pound’s cautious gains [...]

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The Pound to New Zealand Dollar exchange rate started the week edging higher, but has since slumped and on Wednesday hit a month and a half low of 1.7999. A controversial poll published by YouGov has claimed that the UK Conservative party may not win enough seats to form a majority government in the upcoming [...]

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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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