GBP to NZD: New Zealand Dollar Firms but Awaits Further Falls Ahead of COVID-19 Fears

New Zealand Dollar Exchange Rates: Struggling Kiwi Falls Against Pound Sterling’s Four-Month Highs

As the week draws to a close, the New Zealand dollar continues its recent run of poor form. NZD has been hit by a souring investor sentiment. The downshift in sentiment is largely linked to the global risk sentiment, which remains in a ‘risk-off’ mood following the coronavirus concerns. NZD tends to benefit from a ‘risk-on’ mood, i.e. when investors are buying assets that offer yield. NZD is considered a ‘higher yielder’ currency, hence its response to the recent downturn in risk sentiment. Meanwhile,...
Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

NZD continues to be threatened by the coronavirus disease. Following the initial outbreak, the risk-sensitive currency dropped out of favour with investors as the Chinese economy took a hit. Being so closely linked with Chinese trade, the New Zealand dollar plummeted, leading the way for others like CAD and AUD to follow. With NZD trading lower, currencies like GBP have managed to edge over it in their exchange rate pairings. Meanwhile, Wednesday’s Reserve Bank of New Zealand’s hawkish policy outlook saw NZD rise but...
How Has China Helped to Boost the NZD?

New Zealand Dollar: How Has China Helped to Boost the NZD?

New Zealand Dollar Gains After China Lifts US Tariffs Global Growth Worries Remain but Could Reduce If Coronavirus Vaccine Is Created NZD Waits on Reserve Bank of New Zealand Decision The New Zealand dollar (NZD) has found support this week after actions taken by China. With China being one of the NZD’s largest traders, actions taken by the second largest economy in the world has influence on the shift of the currency. China announced a decision to cut tariffs on more than 1,500 US...
Pound to Australian Dollar rate hits a new annual high

GBP/NZD forecast: Is a Brexit deal coming to fruition?

The Pound has made some quite substantial gains during this week's trading. This can predominantly be put down to progress in Brexit negotiations. Last week rumours began to circulate that a deal has been agreed behind closed doors for the UK to have access to the Customs Union post-Brexit. Following this it has been announced in the press that an agreement over the Irish border issue is on the cards. It seems Brussels would be willing to accept any tax payments retrospectively, similar to the...
The Kiwi dollar and the pound rise on better news

The Kiwi dollar and the pound rise on better news

The pound and the New Zealand dollar has risen in the last 24 hours, they are both actually some of the best performing currencies in this period. This is largely down to the shifts in sentiment we have seen both the trade wars and also Brexit. Will the US / China trade war end soon? Regarding the trade wars we have seen sentiment improving as investors expect that there could be a deal struck between China and the US. US President Donald Trump did tweet that...
Will GBPNZD rise back above 2?

Will the GBP/NZD exchange rate rise back above 2?

The pound to New Zealand dollar exchange rate has been very volatile this week owing to uncertainties relating to the outlook on both Brexit and also the latest news on global trade wars which have eased in recent weeks, despite being a major concern. The currency market will now focus on expectations ahead for the New Zealand economy and how it might be influenced by these global factors. Brexit deal still affect GBP/NZD exchange rates Brexit uncertainties are a major concern on financial markets as we...
Could the Pound improve against the New Zealand Dollar if US interest rates rise?

Could GBP improve against NZD if US interest rates rise?

The Pound has fallen this morning against the New Zealand Dollar after a better than expected ANZ Business Confidence survey out overnight. Although the figures were still negative they came out better than expected which caused the New Zealand Dollar to improve by 0.5% against the Pound early on this morning. The figures were still low but much better than the ten year low which came in August. The Royal Bank of New Zealand will meet tonight to discuss their latest interest rate decision, which will...
Will the New Zealand dollar fall any further, or is the damage already done?

Could the Pound hit 2 vs the New Zealand Dollar?

The Pound vs the New Zealand Dollar has been trading at close to its best levels since June 2016 when the Brexit vote took place. GBPNZD exchange rates have touched 2 on a number of occasions before, but they appear to be struggling to be able to break through this resistance level. New Zealand GDP data published last night showed an improvement for year on year for quarter two with an improvement from 2.6% to 2.8%. This has seen the New Zealand Dollar improve against...
How Has China Helped to Boost the NZD?

GBPNZD Breaks 2 Year High

The Pound has rocketed against the New Zealand Dollar with rates having briefly touched 2 Dollars for the GBPNZD pair. Rates for GBP NZD have now climbed to a 2 year high. There is currently an excellent opportunity for buying New Zealand Dollars and this has come about as a result of both Sterling strength and New Zealand Dollar weakness. The Pound spiked higher yesterday after the EU’s chief Brexit negotiator Michel Barnier spoke yesterday and suggested that a deal on Brexit could be achieved...
Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

Lack of faith in Chequers proposal could hurt Sterling

GBP/NZD- Sterling continues to struggle against the majority of major currencies although we have seen a recent spike against the New Zealand Dollar. Be wary of think this rally will continue however. The lack of clarity surrounding the Brexit is still a huge concern amongst investors. Theresa May's chequers Brexit proposal has been heavily criticised by members of her own cabinet and considering there has to be a vote in order to pass the deal it does not bode well for the pound. Boris Johnson has...