The GBP/NZD rate jumped dramatically today after some bullish comments from the Bank of England.
The governor of the BoE, Mark Carney adopted a far more bullish tone that the markets had anticipated, and mentioned that if the UK economy continues to grow at a higher rate than expected then the BoE may need to hike rates sooner and by stepper amounts than previously planned.
Carney also mentioned that the plans have changed over the past 3-months owing to improved economic performance and also a pick up in the global economy.
The effect on the GBP/NZD rate has amplified as at the same time good news for the Pound has surfaced, the RBNZ has opted to cut growth expectations and inflation forecasts. The combination of positive news for the Pound and negative news for the New Zealand Dollar pushed the rate as high as 1.9450 at one stage during today’s trading session.
On large transfers the difference between trading at the top and bottom of the market is dramatic so if you wish to updated in the wake of a major move the GBP/NZD rate, do feel free to register your interest with me.
If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on [email protected] and I will endeavour to get back to you as soon as I can.