2023 will still be a year of New Zealand Dollar appreciation as the currency's recent trend of decline will prove temporary says one of New Zealand's major lenders.

The Pound to New Zealand Dollar exchange rate entered the new week within a short distance of 2023 highs but would risk falling near to the round number of 1.90 if the Reserve Bank of New Zealand (RBNZ) stays the hawkish interest rate course set out in November's forecasts.

Recession looms for the New Zealand economy but the China-focussed and risk-sensitive New Zealand Dollar can still appreciate from current levels, according to economists at ANZ.

Look for NZD strength into mid-year ahead of a broader decline says ASB.

"In recent weeks we have noted we thought the NZD was a little richly priced and was due for some consolidation after a strong run" - BNZ.

GBP/NZD moves back into favoured range, downside risks fade after U.S. jobs surprise.

The Pound to New Zealand Dollar exchange rate has held within a narrow range thus far in the New Year and could be likely to test the boundaries on either side of this corridor over the coming days as Sterling and the Kiwi navigate a series domestic and international event risks.

The Pound to New Zealand Dollar exchange rate entered the new week on the front foot and may have scope to edge higher in the days ahead although a cluster of moving averages located around the 1.93 level could eventually frustrate Sterling's recovery.

The Pound to New Zealand Dollar rate climbed from near three-month lows to open the new week and could be likely to remain buoyant in the days ahead but a resilient Kiwi and divergence of fortunes between the New Zealand and UK economies remains a headwind for GBP/NZD.

The Pound to New Zealand Dollar exchange rate appeared poised to break below a notable technical support on the charts early in the new week but would risk falling to 1.90 or below if the Kiwi's recovery continues and market bets on the Bank of England (BoE) outlook burden Sterling this Thursday. 

GBP/NZD has eased back of late amidst clear NZD outperformance.

GBP/NZD starts the new week higher amidst a selloff Asian and Australian currencies linked to the weekend developments in China, but the prospect of a material advance in the pair remains limited.

GBP/NZD set to release pent-up energy in a busy week for the UK.

NZD is the best-performing major currency of November, but this outperformance will likely fade over the coming days, offering GBP the chance to consolidate towards the middle of a long-held trading range.

The Pound to New Zealand Dollar exchange rate recovery of early October has given way to a corrective setback that deepened in midweek trade due to a strong performance from the Kiwi and ahead of a Bank of England (BoE) policy decision that will either make or break the rebound for Sterling.

The Pound to New Zealand Dollar exchange rate has remained buoyant near to early October highs thus far in the new week but may already have reached the end of recovery road previously and could now be likely to consolidate recent gains given a pickup in market appetite for the Kiwi. 

Global Reach Group have released their latest pack of key Pound Sterling forecasts covering the remainder of 2022 and the first three quarters of 2023.

The New Zealand Dollar extended a 15-month downtrend against the U.S. Dollar and appeared headed for March 2020 lows during the midweek session but may have better prospects against Sterling, which could see sharp losses following Thursday's Bank of England (BoE) policy decision. 

GBP/NZD pushing higher from recent lows, aided by BoE rate hike expectations.

The Pound to New Zealand Dollar rate climbed from near post-pandemic lows early in the new week but the outlook for it depends as much on whether the NZD/USD pair can hold above recent lows as it does the market’s reception of the new UK Prime Minister’s incoming economic policies.