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

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 rallies against NZD (Dayle Littlejohn)

Since September 2015 the New Zealand Dollar has been making gains against sterling and the exchange rate has dropped by over 30 cents! However today the Pound has rallied against the dollar pushing GBPNZD back above 2.10. Next week on Wednesday is the latest Interest Rate decision for the RBNZ. Since April 2015 interest rates have fallen from 3.5% to 2.5% in order to stimulate the New Zealand economy. If we saw the RBNZ cut rates further I expect GBPNZD to rise back above 2.15. However I...

GBPNZD remains range bound

At the back end of last week GBPNZD exchange rates reached support levels of 1.8990 and since have rebounded back above 1.90. Over the last 4 weeks GBPNZD has been range bound between 1.898 and 1.94. For clients that are converting pounds into euros quite simply I would trade when the central levels are in the higher 1.93s and if I were selling NZD to buy GBP I would trade if central levels dip into the 1.80s. This seems like a very simple approach however...

GBP/NZD Forecast – Brexit Talks Continue to Stagnate

The NZD found some much needed support against the Pound overnight, having slipped to 1.9655 at the low before its recovery. The dip in Sterling’s value is likely linked to the Brexit reports, with the latest update indicating a deal had not yet been reached. Despite the overall tone of this report being fairly positive, in terms of both hoping to reach a deal within the next week, the current stance by the DUP party is not helping to move proceedings along. With both the UK government...
GBP/NZD - New Zealand Retails Sales Figures Likely to Boost Confidence in the NZD

NZD Forecast – NZD Weakens Following RBNZ Interest Rate Decision

The new Reserve Bank of New Zealand (RBNZ) governor Gordon Orr delivered his first speech as governor, following the central bank’s latest interest rate decision. As expected they kept rates on hold at 1.75%, with Orr warning that it was unlikely that the RBNZ would be looking at hiking rates any time soon. The NZD had made impressive inroads against Sterling but gave up almost 3 cents following last night’s monetary policy speech, with investors becoming concerned that the central bank may even look to cut...
Weakness Ahead for the NZD After Market Anxiety Resurgence

New Zealand Dollar Outlook: Weakness Ahead for the NZD After Market Anxiety Resurgence

The New Zealand dollar has started the week on the back foot, heading into Tuesday with more weakness predicted. With a resurgence of market anxiety over the coronavirus fears which have escalated over the weekend, NZD has fallen as risk appetite took yet another hit. However, the market is suggested that stronger levels of NZ spending could have given a boost to the NZD exchange rates, but the results did not favour the NZD and with the COVID-19 virus is set to cap the...

GBP/NZD Forecast – Is the Pound Currently Overvalued?

Sterling has found support against the NZD of late, despite a downturn against the majority of major currencies. GBP/NZD rates hit a high of 1.9186 overnight, with the Pound finding plenty of support above 1.90. This is likely due to the political changes in New Zealand, where Labour leader and new Prime Minister Jacinda Ardern has taken power. This came at the expense of previous PM Bill English, who was the most a popular leader, who actually acquired more of the public votes than Ardern. However, due...
Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

New Zealand Dollar falls after US pulls out of Iran Nuclear Deal

The New Zealand dollar has dropped after yesterday’s announcement from US President Donald Trump that the US is pulling out of the Iran nuclear deal. The commodity currencies including the New Zealand dollar are seeing an immediate reaction to the proposed sanctions on Tehran. Trump has stated that the international agreement which was also backed by the UK and France was a one sided deal that should never have been made. The fall in the commodity currencies is due to perceived higher geopolitical risk. The...

How will GBPNZD rates perform this week?

The pound to New Zealand dollar has been rising as the pound benefits from increased expectations of a softer Brexit. The strength and weakness of the pound is very much linked to the performance of the UK government in the Brexit progress and assumptions over the type of deal the UK will get. If you need to buy or sell the pound for the New Zealand dollar then making sure you get the right exchange rate is important, understanding the market and all of your...

Positive UK Retail Sales give the Pound a boost vs the New Zealand Dollar

The New Zealand Dollar has remained in a very tight range recently against the Pound even though there is a huge amount of news coming out from the political scene at the moment. The EU Withdrawal Bill caused a lot of furore in the House of Commons with members from the SNP walking out of the talks after one member was asked to leave following a dispute with the Speaker. UK Retail Sales came out yesterday morning a lot higher than expected and this shocked the...