Pound to New Zealand Dollar exchange rates have been stubbornly holding around the 1.74 level despite so much currently going on in the UK economy and political scene.
Given that the Pound is up against the Euro and relatively stable against most of the other majors suggests that the Pound is not the one enjoying strength at the moment.
The best analogy I have heard so far is that all speculators and investors in the currency markets are largely on the starting blocks waiting to to hear further news regarding Article 50, and what the House of Lords have in store for us.
They are currently debating what features to add to the Brexit Bill, whether they will pass is another story.
The Pound has tracked fairly well when measures to introduce greater oversight on the government in its negotiation processes have been introduced.
For investors and currency markets as a whole, the ability to know how well the negotiations are going, particularly in a minimum 2 year period, is key to whether they would have any demand whatsoever for the Pound.
Demand is the key driving point in the markets for anyone holding Sterling and wandering what buying power they may enjoy.
As such since we will not know with much forewarning what the results are, it is imperative to remain informed in the marketplace to ensure you do not miss out on some desirable exchange rates.
If you are planning to make a currency exchange involving the Pound and the New Zealand Dollar, it’s well worth your time getting in contact with me on [email protected] in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible.
I have never had an issue beating the rates of exchange on offer elsewhere, therefore a short conversation could save you a significant sum on an upcoming transfer.
If you wish to call me directly – simply call 01494 787 478 and ask the reception team to be put through to me, Joshua.