The Pound to New Zealand Dollar exchange rate remains close to its early August lows but has been finding support around 1.8950 in recent sessions and could be likely to stabilise above this level in the short-term without a sustained improvement in global market risk appetite to lift the Kiwi.
August 31,2022
The Pound to New Zealand Dollar exchange rate began to unwind a short-lived mid-month recovery this week but would be likely to unravel further in the days ahead if the Kiwi continues to outperform while Sterling remains a laggard among the major currencies.
August 25,2022
GBP/NZD will likely remain heavy over coming days although price action will likely remain choppy and the lows near 1.88 should be defended.
August 22,2022
August 11,2022
The Pound to New Zealand Dollar rate received a bid from the market when falling back near to four-month lows early in the new week but would risk slipping back beneath the nearby 1.92 level if the Kiwi is able to build further on a tentative rebound against the U.S. Dollar in the days ahead.
August 9,2022
Westpac sees the potential for further weakness in the New Zealand Dollar over the short term but by year-end the currency should be appreciating more noticeably.
August 9,2022
The Pound to New Zealand Dollar exchange rate has climbed from three-month lows but the buoyant Kiwi Dollar could mean that Sterling struggles to get far above the nearby 1.95 level and ultimately remains limited by tough technical resistance up around 1.9624 in the days and weeks ahead.
August 2,2022
August 4,2022
The Pound to New Zealand Dollar rate entered the new week on the front foot but may be at risk of another flush below the 1.92 level and could struggle to get far off the ground amid a busy schedule of event risks in the days ahead.
July 26,2022
The Pound to New Zealand Dollar exchange rate has given up the 1.94 handle amid an upswing in demand for riskier currencies, which leaves Sterling vulnerable to the Kiwi’s high yield appeal and may mean that a period of suppression within a rough 1.9182 to 1.9385 is likely ahead for GBP/NZD.
July 19,2022
The Pound to New Zealand Dollar rate saw a choppy start to the week but could be likely to find itself confined by a rough 1.9392 to 1.9547 range in the days ahead unless the Reserve Bank of New Zealand inspires the Kiwi to outperform in which case Sterling would potentially be at risk of revisiting 1.92.
July 12,2022
The Pound to New Zealand Dollar exchange rate entered the new week around the middle of its one-month range and could be likely to trade toward the lower end of that spectrum over the coming days with price action spanning the gap between roughly the 1.9337 and 1.95 levels.
July 4,2022
The New Zealand Dollar has been sold heavily thus far in the week alongside Sterling and there is evidence that some of the resulting losses reflect asset sales by the Swiss National Bank (SNB), although none of this has done anything to disrupt the sideways trend toward consolidation in GBP/NZD.
June 29,2022
The New Zealand Dollar is likely to struggle over the remainder of 2022 amidst ongoing headwinds to global markets and as the Reserve Bank of New Zealand fails to live up to lofty expectations.
June 28,2022
NZD is tipped to be a laggard in the commodity currency complex by foreign exchange analysts at BMO Capital Markets who say the global surge in fuel prices will continue to proved a drag on the country's trade dynamics.
June 27,2022
The Pound to New Zealand Dollar rate has been contained within a well defined and relatively narrow range over the recent month but with the influential NZD/USD pair testing a major level of support on the charts, it’s possible that the breakout risk for GBP/NZD is on the upside.
June 23,2022
The Pound to New Zealand Dollar exchange rate has all but drawn a line under a multi-month sell-off amid signs of an aggressive shift in the Bank of England (BoE) interest rate stance but could struggle to rise by much due to the Kiwi’s high yield appeal and improving market risk appetite.
June 21,2022
The Pound to New Zealand Dollar exchange rate opened the new week on its front foot but the nascent rebound may be likely to lose steam ahead of the 1.94 handle in the days ahead while Friday’s U.S. inflation data could yet see GBP/NZD probing below the nearby level of 1.90.
June 6,2022
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