ANZ - one of New Zealand's top lenders - have downgraded their forecasts for the local economy in the first quarter of 2020 and warned downside risks to the New Zealand Dollar are increasing.
February 24,2020
The Pound-to-New Zealand Dollar exchange rate has rallied to a new four-month high at 2.0451 ahead of the weekend, largely on the back of broad-based New Zealand Dollar underperformance.
February 21,2020
The Pound-to-New Zealand Dollar rate was aiming at a fresh post-referendum high on Tuesday as the Kiwi underperformed most rivals over concerns about the economic impact of coronavirus, which have prompted landmark losses for China's Yuan.
February 18,2020
The British Pound's 2020 rally against the New Zealand Dollar is intact and the reliable bids that have been triggered by any bouts of Sterling weakness leave a number of analysts confident that further gains in the GBP/NZD exchange rate are possible.
February 17,2020
Curiously, the GBP/NZD did not dip below 2.0, suggesting that this 'line in the sand' remains a formidable one. Indeed, at the time of writing the market is back to 2.0092 and there appears little on the calendar for either NZD or GBP that would prompt a sizeable move over coming hours.
February 13,2020
The Pound was pushed further back from post-referendum highs Wednesday as the New Zealand Dollar strengthened broadly after the Reserve Bank of New Zealand (RBNZ) shifted into a ‘neutral’ interest rate policy stance.
February 12,2020
The British Pound is likely to see its upside potential capped against the New Zealand Dollar over coming days amidst the market's evolving belief that upcoming EU-UK trade negotiations will be tense and that the coronavirus outbreak is fading in severity.
February 10,2020
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