The New Zealand Dollar was under pressure following the release of a labour market report that sent a clear signal to the Reserve Bank of New Zealand that it was right to quit its interest rate hiking cycle back in May.
August 2,2023
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
The New Zealand Dollar was a winner amongst the major currencies after the Federal Reserve's latest policy decision and update opened the door to a fresh breeze of investor optimism.
July 27,2023
The Pound to New Zealand Dollar exchange rate has remained close to the middle of its July range in recent trade but while it could be likely to trade an even narrower 2.0634 to 2.0761 band in the days ahead, the balance of risks might be likely to shift from the upside to the downside of these levels as the week draws to a close.
July 26,2023
The Pound to New Zealand Dollar exchange rate drooped further from recent highs in midweek trade after Kiwi inflation converged with Reserve Bank of New Zealand (RBNZ) forecasts and UK inflation underwhelmed the economist consensus though there is reason for thinking GBP/NZD
July 19,2023
GBPNZD has been subject to a strong technical uptrend in 2023 and there is little evidence to suggest now is the time to bet on a meaningful reversal.
July 17,2023
GBPNZD rests near three-year highs, NZDUSD extends July rally, RBNZ guidance shows little rush to hike again.
July 12,2023
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