The Pound to New Zealand Dollar exchange rate rose to its highest since October in the midweek session after Statistics New Zealand figures showed Kiwi inflation falling to its lowest level for more than a year but some analysts are wary of the outlook for Sterling.
April 20,2023
The New Zealand Dollar has lagged behind many other major currencies thus far in the year but updated forecasts from Commonwealth Bank of Australia suggest the Kiwi could underperform further in the short-term while warning of divergence between AUD/NZD and EUR/NZD from here.
April 14,2023
GBP/NZD rose above 2.0 in the opening half of the week and could be likely to remain buoyant above roughly 1.98 if the Kiwi remains an underperformer among major currencies in the days and weeks ahead.
April 13,2023
The Pound to New Zealand Dollar exchange rate has rallied strongly over recent weeks but will risk being stopped in its tracks this week if BofA Global Research economists are on the money with their forecast for Wednesday's Reserve Bank of New Zealand (RBNZ) interest rate decision.
April 4,2023
The New Zealand Dollar is set to take the limelight midweek when the RBNZ is expected to raise interest rates by a further 25 basis points as it continues its fight against elevated domestic inflation levels.
April 3,2023
The Pound to New Zealand Dollar exchange rate opened the new week with a rally to fresh five-month highs but would likely be susceptible to any mid-week rebound by the Australian Dollar and might also struggle if a tenative recovery in global markets continues through the coming days.
March 27,2023
The Pound to New Zealand Dollar exchange rate extended a six-week rally in the opening session of the week and could yet rise further in the days ahead but such an outcome would bring Sterling into contact with a Fibonacci resistance at 1.9751, which could frustrate the ascent.
March 26,2023
The Pound to New Zealand Dollar exchange rate reached five-month highs early in the new week before being beaten into retreat by a rallying Kiwi that has left Sterling at risk of a deeper correction with scope for GBP/NZD to fall as far as key moving averages just below 1.93 in the days ahead.
March 14,2023
The Pound to New Zealand Dollar exchange rate has climbed above the top of a five-month range over last week and could remain buoyant in the days ahead, albeit at levels that are likely to remain below the recent highs.
March 6,2023
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.
February 28,2023
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.
February 21,2023
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.
February 16,2023
"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.
February 9,2023
February 7,2023
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.
January 17,2023
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.
January 10,2023
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.
December 19,2022
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.
December 13,2022
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