This week has seen some improvements for Kiwi buyers as we have seen the pound find some traction on the back of better than expected economic data. Most analysts have been suggesting sterling will only fall further and with much better than expected economic data released the pound actually found support as investors looked to capitalise on the recent movements. I do not believe this will be the start of a sustained charge for the pound since it is highly likely we will see the pound be subject to further worry and volatility on the rates which lead to buying Kiwis becoming more expensive.
If you have a transfer to consider involving buying the pound or New Zealand dollar there have been some big changes in the market which have impacted the overall buying levels on both sides. If you are buying the pound with New Zealand dollars you are in an excellent position that might yet get better but as we know the Kiwi can weaken suddenly if sentiments change.
If you are buying Kiwi dollars with pounds it would appear sensible to make some plans sooner rather than later to absorb the volatility and remove the risk from the market. It is only two months from the Referendum vote and we are expecting sterling could still fall much further.
if you have a transfer to consider please feel free to get in touch with me directly on [email protected]