Will GBPNZD hit 2? GBPNZD Forecast

The pound is performing well against the New Zealand dollar and we are very close to some of the best rates to buy New Zealand dollars with pounds since the Referendum! The pound is stronger because of the progress being made and envisaged on Brexit whilst the New Zealand dollar had softened a little recently on global sentiments.

The New Zealand dollar has been performing reasonably well against most currencies but with the US dollar having weakened quite dramatically in 2018 the New Zealand has been ever so slightly stronger, but the performance of the pound has really driven the pair.

Expectations for the pound are now centered around developments on the Brexit and with trade and transition talks beginning very soon, the potential for the pound to rise further against the Kiwi looks likely. The next RBNZ (Reserve Bank of New Zealand) interest rate decision is due on the 8th February, next Wednesday 7th in the evening UK time.

If you are looking to buy New Zealand dollars with pounds then this release will be very important to show the latest trends we might expect. Personally, I would not be surprised to see GBPNZD rise higher if the RBNZ are not too positive on the New Zealand economy.

This possible move combined with the expectations for sterling could easily see GBPNZD reaching the 2 mark but it will take quite a exaggeration of the current trends. The New Zealand dollar can be quite a volatile currency and the movements can  sometimes be seen outside of usual business hours.

Therefore, if you have a transfer to make then registering your interest with me in advance is key to ensuring you don’t miss out should the market take an unexpected or sudden spike.

Thank you for reading and for more information at no cost or obligation please contact myself Jonathan Watson directly on [email protected].

Thank you for reading and I look forward to hearing from you.