Sterling has been on the charge against the New Zealand dollar for the last 30 days and exchange rates have improved 10 cents.
The main reason for the shift in sentiment is that the High Court ruled UK Prime Minister Theresa May does not have the power to invoke Article50 and Donald Trump became President-Elect.
At present commodity currencies are under pressure due to Trumps stance on China and I wouldn’t be surprised to see this continue until the end of the month.
Early next year the pound should come under pressure due to the Supreme Court decision therefore New Zealand dollar buyers may wish to purchase some point this month.
If you are buying or selling New Zealand dollars this week, month or year and I haven’t covered your currency pair I would recommend emailing me with the currency pair (NZDUSD, NZDGBP, NZDAUD) and the reason for the transfer (company goods, property purchase) and I will response with my forecast and the options available to you [email protected]. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.
** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands! **