Sterling holds firm after recent spike, what next could influence GBP/NZD? (Joseph Wright)

The Pound is holding onto the gains it's made recently, after sentiment surrounding the UK economy and how it will perform in the future is beginning to improve. Towards the end of last year there were times when Sterling was coming under pressure against the board of major currency pairs, as a hard Brexit and concerns surrounding the UK economy's performance spooked the markets. This has since changed as a number of leading EU members have suggested that they hope for a smooth transition into the...
Could the Pound hit 2 vs the New Zealand Dollar?

Where next for GBPNZD and USDNZD?

Over the last 2 years the New Zealand dollar has had a strong run against sterling and the US dollar. Ultimately you can suggest that Brexit has put pressure on sterling and Donald Trump's antics have put pressure on the US dollar, nevertheless the New Zealand dollar has been performing well. Many economists believe that the New Zealand dollar strength comes from the gains they have received from high interest rates coupled with low volatility, apart from an General Election, which failed to spring to...
The Kiwi dollar and the pound rise on better news

Will the Pound hit 2 against the New Zealand Dollar this month?

The Pound remains relatively strong against the New Zealand Dollar after hitting pre-Brexit levels during April. The first estimate of UK GDP for the first quarter of 2018 was published late last week and this showed that the UK grew at its slowest pace since 2012 at just 0.1%. The Pound dropped against a number of different currencies but has continued to trade at these recent high levels against the New Zealand Dollar which highlights the problems facing the economy in New Zealand at the moment. With...
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...

The future of GBPNZD exchange rates

Over the last 6 months the pound has made considerable gains against the New Zealand dollar and I expect this trend to continue over the next 6. With interest rates being hiked around the globe and New Zealand announcing that an interest rate hike is unlikely, investors are moving away from the New Zealand dollar and seeking higher returns around the globe. This week a report by the New Zealand institute of Economic Research suggested the business confidence had dropped once again for the 2nd...

NZD Forecast – New Zealand’s Economic Strength Improving (Matthew Vassallo)

The NZD has found a level of support against Sterling this week but has struggled to make any impact below 1.90. The Pound continues to find plenty of support around this key threshold for the pair, despite deep rooted market concerns around Brexit and the long-term implications this will have on the UK economy. The NZD received a boost on Monday following poor UK Services data, which came our under market expectation. This inadvertently boosted the NZD’s value but despite a relatively good feeling around the...
GBP/NZD forecast - Is a Brexit deal coming to fruition?

New Zealand Dollar has gained 7% on Australian Dollar since October 2017

Looking back over the past 6 months and one currency pairing of note is NZD/AUD which has shown a vast increase in value for the New Zealand Dollar. This pairing has had a funny 12 months as a whole, in June we were seeing rates up near the 0.96 level, this swiftly dropped by roughly 8% by October and hit a yearly low of 0.88, only to make a fightback in recent times and claw back almost all of those losses. The Australian Dollar is starting...

Buying New Zealand Dollar? When should I trade?

Despite Sterling's severe decline against the NZD, there may be hope on the the horizon. The Reserve Bank of New Zealand have indicated they are will drop interest rates several more times this year in an attempt to boost the appeal of exports. If there is a cut expect Sterling to strengthen possibly by as much as 10 cents. The decision takes place on 27th April at 20.00. If you are an NZD seller it may be wise to move ahead of this event. If...

What will happen to New Zealand interest rates? (Tom Holian)

We have seen GBPNZD exchange rates moves in an upwards direction for the last few weeks owing to the recent bout of political uncertainty in the country. It took weeks for the hung parliament to be organised and currency does not generally react well to political uncertainty, which is why we have seen the market break 1.90 in the last week. The new Prime Minister Jacinta Ardern has spoken about the New Zealand Dollar and has suggested that she's not too concerned with the weakness of...

New Zealand Dollar suffers following Stock Market Correction (Daniel Johnson)

New Zealand Dollar could be in for further losses against the majority of major currencies Commidity based currenices have not faired well of late . This has been predominatly caused by the recent stock market correction. In times of uncertainty investors flood to safe haven currencies such as the Swiss Franc and the US Dollar. The New Zealand Dollar is highly influnenced by New Zealand’s primary export is dairy and if there is large  fluctuations in dairy price and dairy production this can have an impact on the New Zealand Dollar....