Best time to buy Pounds with Canadian Dollars in 2 months

NZD loses groun

NZD dips in value despite favourable consumer confidence an migration figures There has been a recent rise in consumer confidence and also migration data. Despite this the kiwi has fallen in value against the majority of major currencies. GBP/NZD sits at a nearly five month high, currently at 1.97. Credit card spending rose to 7.2%for March, but the more important release was migration figures. New Zealand is heavily reliant on tourism, it accounts for just below 400k jobs and 20.7% of New Zealand's foreign exchange earnings.Tuesdays figures...

GBPNZD on the rise but for how much longer? (Dayle Littlejohn)

With the UK referendum campaigning now in full swing, many market analysts believe sterling should be suffering. However in the last 3 weeks GBPNZD has actually increased by a staggering 10 cents. Last week Unemployment rose in New Zealand which weakened the New Zealand Dollar and puts further pressure on the RBNZ to cut interest rates. Going forward its only a matter of time until Sterling starts to suffer due to the squabbling between both the In and Out campaign leaders. If you have New Zealand Dollars...

GBP/NZD Forecast – Why has the NZD Lost Value? (Matthew Vassallo)

The NZD has found some support against Sterling during the early part of the trading week, helping to halt its recent slide. GBP/NZD rate hit 1.95 at their high last week, before retracing to a low of 1.9187 overnight. With concerns over both the UK and New Zealand economies at present, due to both political factors and Brexit concerns, it has become increasingly difficult to dissect investors thinking. Despite the negative outlook for the UK, Sterling had made impressive gains against the NZD over recent weeks. This...

How will the triggering of Article 50 effect GBP/NZD? (Daniel Johnson)

On Wednesday 29th March article 50 will be invoked and the UK will officially begin it's departure from the EU. Many are predicting Sterling to considerably drop in value against the New Zealand Dollar, I however am going against the grain on this one. The exchange reacts badly to uncertainty or a shock event that goes against predictions. The invocation of Article 50 is pretty much a certainty and we know the date it will occur. I am of the opinion next Wednesday's exit...
GBPEUR rate remains steady as markets await the Autumn Budget

New Zealand Dollar finally gets some respite (Tom Holian)

The New Zealand Dollar found support after the Chinese stock market finally showed a positive move after the worst start to the year ever recorded in history. The recent Chinese slowdown has had a negative impact on the NZD creating the best opportunities to buy NZD with Sterling for a few weeks. With Chinese trade balance, export and import data due on Wednesday this could cause the next big catalyst for exchange rates. Personally I think we'll see Sterling go in an upwards direction this week against...

Sterling vs New Zealand Dollar at 2 month high (Tom Holian)

Sterling vs the New Zealand Dollar is now trading at its highest level since mid-March after some worse than expected Chinese economic data. Chinese exports were down and as both Australia and New Zealand are big trading partners with the world's second largest economy any negative news will often result in NZD weakness vs Sterling. Also, US data in the form of Retail Sales in April beat expectations which has seen further movement into the US Dollar and the selling off for the NZD. China has also...

NZD Rises In Anticipation Of Interest Rate Decision Tonight

The RBNZ has a very busy evening tonight, and the Kiwi has gained on the US Dollar throughout today’s trading session in anticipation of the Interest Rate decision tonight by the RBNZ. The likelihood of an interest rate hike this evening is looking unlikely according to analysts, but the rate decision along with a Monetary Policy Statement and Press Conference is likely to have an effect on the Kiwi’s value, especially if any indications regarding monetary policy moving forward are announced tonight. Leading up to tonight’s...
GBPEUR rate remains steady as markets await the Autumn Budget

Have we seen the bottom for GBP/NZD? (Joseph Wright)

Sterling has performed well today against all other major currency pairs yet it's the New Zealand Dollar that's currently demonstrating the most resistance. As investors (day traders predominantly) boost the value of Sterling as they look to buy it cheaply and sell it at a profit, the New Zealand Dollar is proving a hard nut to crack as the GBP/NZD pair are struggling to break considerably over 1.80. It will interesting to see where the GBP/NZD pair go from here, as looking back at historical levels...

GBP NZD ahead of Supreme Court Ruling (James Lovick)

GBP NZD exchange rates have seen a positive day with gains of around 0.3% for this pair taking rates up to 1.73. Tomorrow sees the UK Supreme Court ruling on whether the British government must consult parliament before invoking Article 50 to commence the withdrawal from the European Union. This has been eagerly awaited and there is a huge amount riding on this important decision. The pound is likely to see considerable volatility on the back of the news and new direction should be seen....

GBP/NZD Forecast – Sterling Continues to Struggle Despite Fall in Dairy Prices (Matthew Vassallo)

Sterling has dropped below 1.85 against the NZD this morning, with the Pound find little support around the current levels. Political unrest and Brexit negotiation fears continue to hamper any major advances for the Pound, which is struggling to make any sustained move under the current market conditions. With this scenario unlikely to change in the foreseeable future, investor confidence in the UK economy is likely to remain minimal and as such I would be protecting any GBP/NZD positions above 1.80. With new overnight in New Zealand...