The Pound to New Zealand Dollar exchange rate remains in a broad multi-month uptrend but short-term is subject to a pullback.
September 4,2023
GBPNZD remains in a strong uptrend, short- and medium-term favour gains, empty calendar leaves central bank divergence in focus.
August 7,2023
GBPNZD starts the new week on the defensive but there is a high likelihood that losses will be recouped over the coming days.
July 31,2023
GBPNZD in a technical uptrend, 2023 highs can be retested and broken, but UK jobs report on Tuesday and RBNZ on Wednesday are risks.
July 10,2023
Analysis from Capital Economics shows the New Zealand Dollar is likely to struggle as the Reserve Bank of New Zealand will likely lead the next interest rate-cutting cycle, a development that is potentially not too far given fresh warnings from a domestic bank that the economy faces a double-dip recession.
July 5,2023
The New Zealand Dollar begins the new week with a notable gain against most G10 currencies, extending its upward momentum from Friday, supported by a firm Asian equity market session and positive investor sentiment.
July 3,2023
Relief for New Zealand Dollar sellers might be in prospect in the second half of 2023 according to Westpac which has released forecasts showing a recovery against the British Pound.
June 20,2023
GBPNZD sees 2023 high close by, technical studies remain bullish, UK inflation and Bank of England pose two-way risk.
June 19,2023
GBPNZD has unwound overbought conditions, but momentum remains positive on most timeframes. Watch NZ current account and GDP data this week, UK jobs and GDP data also pose key risks.
June 12,2023
The New Zealand Dollar has pared away some of its late May losses and could further undermine the bullish trend in GBP/NZD if the Kiwi economy comes across as more resilient than its UK counterpart over the coming week but there are also numerous risks that could yet sustain Sterling near its recent highs.
June 7,2023
The Pound to New Zealand Dollar exchange rate was ridden down to the lowlands of its May range last week but could get an opportunity rally back above the 2.0 level in the days ahead if either UK economic data is obliging, or if the Reserve Bank of New Zealand (RBNZ) stays April's interest rate course.
May 22,2023
The Pound to New Zealand Dollar rate could be volatile around the 2.0 level in the days ahead and vulnerable in the weeks thereafter as China's Renminbi migrates along a southbound highway in response to growing concerns in the market about the outlook for the world's second-largest economy.
May 17,2023
GBP/NZD is trading back at the psychologically important 2.0 level at the start of a new week which could see the Kiwi currency resume some of its 2023 underperformance.
May 15,2023
GBPNZD has recovered the psychologically significant 2.0 level ahead of the weekend but peaking Bank of England rate hike expectations and a slowing economic data pulse could mean fresh 2023 highs are out of reach in the near term.
May 12,2023
The Pound to New Zealand Dollar exchange rate has receded from this year's highs in recently toppy trade and could remain choppy around the nearby 2.0 level through the remainder of the week without a potentially unlikely dovish surprise from the Bank of England (BoE) on Thursday.
May 10,2023
The Pound to New Zealand Dollar exchange rate entered the new month near one-year highs following six weeks of unbroken gains but could now struggle for further traction as attention turns to Kiwi job figures due out on Tuesday and May's Bank of England (BoE) interest rate decision next week.
May 1,2023
The Pound to New Zealand Dollar rate fell from near six-month highs in ANZAC Day trade but could be in line for further losses in the days ahead if BofA Global Research is right about Sterling being overbought, and even more so once the May month gets underway.
April 25,2023
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