Change could cause weakness for the New Zealand dollar (Dayle Littlejohn)

Now that Labour and New Zealand have formed a government led by Prime Minister Jacinda Ardern, policies are surfacing and many economists are predicting that the New Zealand dollar could remain under severe pressure for the foreseeable future. The new Government are set to make two big changes. Firstly the way that the Reserve Bank of New Zealand decides interest rates are set to change, Previously just the governor of the RBNZ decides whether interest rates should be hiked or cut. The new rules will...

When will GBPNZD rise?

The pound to New Zealand dollar rate has fallen dramatically in the last few weeks as the pound slides on the uncertainty of the Brexit worries. Most clients looking to buy or sell the pound for Kiwi have had some very tough times int he last week as the reality of the Brexit hits home and investors worry over just what is around the corner. The Kiwi has benefited from being seen as a higher yielding currency with a higher interest rates than the UK...

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...

Sterling hits best rate to buy New Zealand Dollars since November (Tom Holian)

The Pound is now trading at its best level to buy New Zealand Dollars since November after the Pound has had a great day across the board against all major currencies. The news is that the Brexit talks appear to have gone very well and this has seen GBNZD exchange rates break past 1.94 during this afternoon's trading session. The British Chambers of Commerce has increased the UK's growth forecast for both 2018 and 2019. They have also raised the forecast for 2020 to 1.6% growth...

Sterling continues its fall against the New Zealand Dollar owing to strong domestic economy...

Sterling vs the New Zealand Dollar has continued to struggle recently hitting close to its lowest level to buy NZD with Sterling in history. Great news if you're buying Pounds but not so if you're sending money to the southern hemisphere. Domestically the economy in New Zealand is doing very well and this allows potential for the central bank to look at raising interest rates in the future which is why the currency is doing so well particularly against the Pound. GBPNZD exchange rates have declined...

Will the New Zealand Dollar weaken in the coming weeks? (Daniel Wright)

The New Zealand Dollar has started to lose a little ground and there are signs that this trend may continue in the coming weeks. The drop off started following on from comments from the RBNZ (Reserve Bank of New Zealand) that they will seek to weaken the New Zealand Dollar in the coming weeks and months to help with exports and get the economy moving better. The problem that they have is should they cut interest rates (which would usually weaken the NZD) then this would...

New Zealand Dollars Breaks 2.00 Barrier (Ben Fletcher)

The GBP/NZD rate fell below 2.00 for the first time in just over a year as the market saw huge volatility yesterday. At one point yesterday there was whole cent movements for Sterling which created chaos. The Referendum has created fantastic selling levels for several currencies against Sterling none more so than the New Zealand Dollar. I am of the opinion that as we move towards the vote there could be further gains for the NZD. This afternoon the Gross Domestic Product data is released for...

Selling New Zealand Dollars – Better Rates Change in UK Referendum Polls

Rates for GBP NZD have fallen this week although this is largely a sterling story as the pound has fallen across the board. Recent polls for the EU referendum this week have put the Leave campaign marginally ahead whilst another poll yesterday has put both campaigns neck and neck. As we approach 23rd June, polls likes this are only likely to put more even more pressure on the pound. Rates for GBP NZD should have further to fall so anyone selling New Zealand dollars...
GBPEUR rate remains steady as markets await the Autumn Budget

Terrorism causes the Pound to Suffer (Daniel Johnson)

The Pound has fallen by around 4 cents against the New Zealand Dollar (NZD) during the last 48hrs of trading,  After the Interest rate drop from the Reserve Bank of New Zealand (RBNZ) buoyancy levels looked to be set around the 2.14 mark.  However due to the atrocities in Brussels Sterling has fallen sharply against the majority of major currency pairings. The attacks have created more reasoning for for the UK population to vote for an exit from the EU. There is the belief that...

Buying New Zealand Dollar rates recovering slightly after yesterday’s heavy drops (Joshua Privett)

Buying New Zealand Dollar rates of exchange, like most of Sterling's currency pairings, saw heavy falls yesterday in the wake of Mark Carney's deposition to House of Lords Treasury Committee, yet we have since seen GBP/NZD recover in the wake of the vote. Markets have already proven themselves to be hypersensitive in the wake of the flash crash, where a few 'key words' sparked by European Leader's caused the Pound to tumble heavily in a very short period. Carney, the Governor of the Bank of England,...