With the UK referendum campaigning now in full swing, many market analysts believe sterling should be suffering. However in the last 3 weeks GBPNZD has actually increased by a staggering 10 cents.
Last week Unemployment rose in New Zealand which weakened the New Zealand Dollar and puts further pressure on the RBNZ to cut interest rates.
Going forward its only a matter of time until Sterling starts to suffer due to the squabbling between both the In and Out campaign leaders.
If you have New Zealand Dollars to buy the 10 cent spike in 4 weeks is worth taking advantage of where as if you are selling New Zealand Dollars to buy sterling I would trade next month.
If you are looking to buy or sell New Zealand Dollars this year, the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages.
I specialise in property purchases and sales, therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on [email protected].
The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.