Sterling New Zealand Dollar reliant on a few factors this week (Daniel Wright)

The New Zealand Dollar has had a mixed run against Sterling lately and I personally expect this week to be no different.

With the referendum in the U.K giving Sterling followers a rocky ride and the global attitude to risk changing constantly  this currency pairing is difficult to predict at present, we do have a few pieces of economic data that may impact it this week.

Tomorrow late at night U.K time we have New Zealand import, export and general trade balance data. Expectations are for the levels to have dropped off a little which may give the New Zealand Dollar a little weakness and could push GBP/NZD back above the 2.15 level of exchange.

The referendum will no doubt be the main talking point for Sterling and with the bookies rating the remain camp at roughly 1/6 on. This suggests that it is doubtful that the U.K will leave the EU and there is a higher chance that the U.K may remain and should this happen then Sterling may rise.

If you have the need to buy or indeed sell New Zealand Dollars for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on [email protected]  and I will be more than happy to get in touch with you personally. We can cater for people inside our outside of the U.K and carry out bank to bank transfers.