Will the pound to Kiwi rise or fall this week?

The biggest movements in the currency markets are the unexpected turns of events which can come up and out of nowhere triggering big swings and shifts on the exchange rate presenting golden opportunities for buyers and sellers. These type of events are unlikely to happen too often but when they do this can offer clients who have prepared much better rates. This week is the latest new in China as well as the UK budget all of which could influence the GBPAND exchange rate.

If you have a transfer to make buying New Zealand dollars then hopefully the coming week will offer some opportunities, my personal belief is that we will see the rates for buying Kiwis higher on the back of some fresh uncertainty from Chinese and improved confidence surrounding the UK’s economic plans.

If you look at the pound versus the Kiwi this week there isn’t too much actual data from New Zealand, the main focus is in the UK but there is data from China. This isn’t overly important data but it is likely to influence the economic outlook for the New Zealand economy. If you have a transfer to make in the coming weeks then ensuring you have all of the most up to date information available is very sensible.

The big news for sterling this week is the UK budget this week tomorrow which I suspect will be mildly supportive of the pound. If you have a transfer to make and wish to get the latest updates and new on the currency markets I predict GBPNZD will move higher towards 1.78 at best or drop down to 1.73 at the lows.

If you wish to discuss this further please speak to me Jonathan by emailing [email protected]