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...
GBPNZD Breaks 2 Year High

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...
Could the Pound hit 2 vs the New Zealand Dollar?

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...
Could the Pound hit 2 vs the New Zealand Dollar?

GBP/NZD Forecast – The Pound Rallies Following Key Brexit Comments

The Pound has rallied against the NZD during Wednesday afternoon trading, following some significant comments made by the EU’s chief negotiator Michel Barnier. Barnier indicated that he was close to offering the UK a post Brexit deal, which would be unique and unlike any other partnership the EU currently has with another country. These comments caused a huge surge in support for Sterling, which has been crying out for some positive news of late. The Pound has seen its value diminish over recent weeks and despite...
GBP/NZD - New Zealand Retails Sales Figures Likely to Boost Confidence in the NZD

GBP/NZD – New Zealand Retails Sales Figures Likely to Boost Confidence in the NZD

GBP/NZD rates have remained flat throughout Wednesday’s trading, with the Pound touching 1.93 earlier at its high. The NZD has received plenty of support around the current levels of late, with Sterling struggling to make any inroads above 1.95. The New Zealand economy has shown signs of life of late, after stagnating for the first two quarters of 2018. This positive outlook was accentuated overnight, following the release of the latest Retail Sales figures for New Zealand. These came out significantly better than expected at 1.1%,...
Pound to New Zealand Dollar rates remain in the higher ranges!

Pound to New Zealand Dollar rates remain in the higher ranges!

The Pound to New Zealand Dollar exchange rate remains at some of the higher levels we have seen since the Brexit vote in June 2016. Since that date GBPNZD has been trading between 1.68 and 2.05, current levels of 1.93 are therefore on the whole, quite encouraging. Expectations are now forming for the Pound to struggle in the months ahead as Brexit concerns continue to weigh on the UK and Sterling. However, the recent slide in the value of Sterling has been offset by the...
GBPNZD Breaks 2 Year High

New Zealand Dollar improves against the Pound owing to rising inflation

The New Zealand Dollar has strengthened against the Pound and a number of different currencies during today's trading session after the latest inflation news from New Zealand. The Reserve Bank of New Zealand released the latest inflation estimate which rose by 1.7% which is the fastest pace in seven years. This is above the mid-target set by the RBNZ and this has led to the Kiwi Dollar strengthening against the Pound today. The reason why is that if inflation starts to rise the typical way to combat...
The Kiwi dollar and the pound rise on better news

British Politics and the influence on the New Zealand Dollar

The Pound has once again come under a lot of pressure caused by the politics in the UK. Over the weekend Brexit Secretary David Davis handed in his resignation and this was followed by Foreign Secretary Boris Johnson yesterday afternoon. Following the Chequers meeting over the weekend, which was meant to galvanize the Conservatives in their attempt to sort out what will happen with the Brexit talks going forward, both announcements have caused the Pound to wobble. Since the weekend, the Pound has dropped by 2...
Kiwi Dollar feeling pressure of business confidence figures and Trump's tariffs

Kiwi Dollar feeling pressure of business confidence figures and Trump’s tariffs

The NZD is coming under increasing pressure, as fears over a full-scale global trade war continue to escalate. GBP/NZD rates hit 1.9621 at today’s high and despite the NZD finding some support around this level, the outlook for the Kiwi Dollar is not looking very positive. New Zealand’s Finance Minister has been busy trying to downplay the impact of poor NZ business confidence figures. Business confidence has hit a seven-year low, for the most part due to investor’s on-going concerns regarding global trade. It is interesting to...