Could the Pound hit 2 against the New Zealand Dollar before the summer? (Tom Holian)

The Pound has remained relatively high vs the New Zealand Dollar recently with rates to buy New Zealand Dollars still trading above 1.90, which is good news for anyone looking to send money to New Zealand.

The ‘Trade Wars’ between the US and China appear to have caused a problem for a lot of the commodity based currencies including the Australian and NZD and this does not appear to be slowing down at the moment.

The UK economy is still going reasonably well and with average earnings surpassing inflation for the first time in a long time during March the Pound remains strong against the NZD as the Bank of England have hinted that an interest rate hike may be coming.

The Brexit issue is still far from resolved but the agreement of the transitional period went well during the recent talks and although the Irish border is not yet resolved I think it’s only a matter of time and I think once it does take place I expect the Pound to break past 2 against the NZD which will be the first time since prior to the EU referendum back in June 2016.

The ANZ Commodity Index is due for release overnight so expect to see a lot of movement during tomorrow’s early morning trading session and this will be followed by the latest UK Markit PMI Services data.

Having worked for one of the UK’s leading currency brokers since 2003 I am confident not only of being able to offer you better exchange rates than by using your own bank but also help you with the timing of your transfer.

For further information or a free quote then feel free to contact me directly with a breakdown of your currency requirement and I look forward to hearing from you.

Tom Holian [email protected]