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

 

The Pound to New Zealand Dollar exchange rate was little changed near seven-day lows in the penultimate session of the week and appeared comfortable within its recent range spanning the gap between roughly 2.04 and 2.09 even as some global market correlations were turned on their heads.

July 7,2023

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

The Pound to New Zealand Dollar exchange rate has climbed to post-pandemic highs in recent trade but the scope for new highs would potentially slip from within its grip if the Reserve Bank of Australia (RBA) surprises on the hawkish side of expectations in its interest rate decision next week. 

July 3,2023

"Narrowing interest rate differentials reduce a key NZD tailwind" - ASB.

June 27,2023

GBPNZD uptrend firmly entrenched, restest of 2023 highs likely near-term.

June 26,2023

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