There are definite signs of a weakening trend in the Pound to New Zealand Dollar exchange rate and technicals are increasingly pointing to lower outcomes.
May 20,2024
The New Zealand Dollar starts the new week on a soft footing following news inflation expectations in New Zealand have fallen, increasing the odds that the Reserve Bank of New Zealand can cut interest rates later this year.
May 13,2024
GBP/NZD can come under further pressure in the near term as global markets become more confident the Federal Reserve can cut interest rates in 2024.
May 7,2024
GBP/NZD remains in a multi-week uptrend but could decline in value over the coming five days. Tuesday's local jobs report and Friday's U.S. labour report will be the week's two relevant highlights.
April 29,2024
The Pound is near its April lows against the New Zealand Dollar following Friday's selloff, but we look for support to kick in again.
April 22,2024
GBP/NZD could be turning higher again amidst solid technical support and deteriorating global investor sentiment, but inflation data from both New Zealand and the UK could provide two-way volatility this week.
April 15,2024
The Pound to New Zealand Dollar exchange rate is undergoing a period of consolidation, but the broader uptrend remains intact. This week's highlight is the RBNZ decision.
April 8,2024
The Pound to New Zealand Dollar exchange rate looks constructive over multiple time frames, and we expect further advances in the coming days.
April 3,2024
A constructive technical setup and a limited calendar risk in the coming week, save for an appearance by RBNZ Chief Economist Conway, should support the Pound to New Zealand Dollar exchange rate in the coming days.
April 3,2024
GBP/NZD is on the cusp of breaking to fresh multi-month highs, but any advance hinges on the outcome of this week's UK inflation release and Bank of England decision.
March 18,2024
The market is overestimating the quantum of rate cuts to come from the Reserve Bank of New Zealand (RBNZ) in 2024, a mispricing that can assist the New Zealand Dollar over the coming months.
March 13,2024
GBP/NZD was rejected at a key resistance level and we look for the subsequent pullback to extend into the next few days.
March 11,2024
What a difference a week can make: when we published our previous week ahead forecast last Monday, the Pound to New Zealand Dollar setup was distinctly bearish.
March 4,2024
"This week has a definite make-or-break feel about it as we head into the RBNZ MPS," says David Croy, a strategist at ANZ Bank, regarding the key event facing the New Zealand Dollar.
February 26,2024
GBP/NZD is trending lower in the short term and the next target is seen at approximately 2.04; however, a strong UK PMI reading on Thursday could frustrate the move.
February 22,2024
GBP/NZD finding support at 50-day moving average, but, more broadly, technicals are breaking down as RBNZ rate hike bets rise.
February 12,2024
The Pound to New Zealand Dollar exchange rate can edge higher over the coming days owing to a broadly constructive technical setup and a difficult global backdrop.
February 5,2024
The Pound to New Zealand Dollar exchange rate remains in an uptrend, but a failure at a major resistance line raises questions raises the prospect of a pullback developing over the coming days.
January 29,2024
The New Zealand Dollar will be one of 2024's star performers, according to strategists at a leading Scandinavian bank.
January 23,2024
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