Market Uncertainty Following New Zealand General Election Results (Matthew Vassallo)

As The markets continue to digest the results of the New Zealand general election over the weekend, the Pound continues to find support against the NZD. The result ended in a stalemate as neither the current Conservative government, led by Prime Minister Bill English, or Jacinda Ardern’s led Labour party gained the required seats for a majority. This result echoed those in Germany, where Chancellor Angela Merkel also failed in her bid for a majority vote and, following a similar scenario in the UK, the political...

Buying New Zealand Dollar rates tracking back this morning (Joshua Privett)

The Pound has begun the third day this week as poorly as it ended on Tuesday, with GBP/NZD tracking back into the 1.69's and touching on 1.68. Yesterday the Pound suffered with the release of some lacklustre business confidence figures in the UK manufacturing sector. Today we will be taking a look at the construction sector and the way the Pound is performing at the moment suggests markets are getting nervous. Business confidence figures are a good measure for markets on growth in the UK economy...

Super Thursday – Volatility Expected on GBP/NZD (Daniel Johnson)

Super Thursday - Inflation data and the MPC vote to impact GBP/NZD Today will see the UK interest rate decision followed by the results of the Monetary Policy Committee (MPC). There will also be a speech from the governor of the Bank of England (BOE), Mark Carney and perhaps most importantly the quarterly inflation report. I would be very surprised to see a change in interest rates, but the the way the MPC voted on the hike has the potential to cause volatility on GBP/NZD. At...
Will GBPNZD rise back above 2?

New Zealand dollar at the mercy of global events!

The main driver on the New Zealand dollar at present is the Trade Wars which we are seeing driver the Kiwi lower, there is currently speculation Trump may announce up to $200bn of tariffs with China. Since New Zealand is very closely tied to the Chinese economy, any signs that there could be an upset to the Chinese economy will undoubtedly weigh on the Kiwi currency. Other factors that might drive the Kiwi in the coming days is the release of New Zealand GDP (Gross...

New Zealand Dollar recoups losses following US retail sales

US retail sales and strong Eurozone data today have aided the New Zealand Dollar in the latter part of the trading day. GBPNZD exchange rates started on a strong footing at 1.80 this morning despite strong New Zealand retail sales overnight. US data raises fresh concerns over the global economy The poor US retail sales raised concerns over the global economy in a post-Brexit environment, typically where global demand slows, commodity currencies rise where interest rates are generally higher. This explains in some part the...

New Zealand Dollar remains strong, hitting an 8-year high versus the Australian Dollar (Joseph...

Although many of our readers tend to be concerned with the Pound to New Zealand Dollar rate, looking into how the Kiwi is performing against other major currency pairs can be useful as it provides you with an idea of how the currency is performing on the whole. Despite losing quite a lot of value against the Pound recently, mostly owning to Sterling strength after the currency has been boosted as the Brexit transitional agreement has been made, the Kiwi has been performing well recently...

Could the Pound increase against the New Zealand Dollar this month? (Tom Holian)

The Pound has had a fairly good run of form as of late vs the New Zealand Dollar and although New Zealand showed a strong surplus last week the rate to buy New Zealand Dollars with Sterling still remains at 1.92 on the Inter-bank level during today's trading session. We are now back to the same rates when the referendum was held in June 2016 when the UK voted to leave the European Union. The economy down under had a very difficult time during 2017 owing...

New Zealand Dollar benefits from healthy Australian news (Joshua Privett)

The New Zealand Dollar has gained against most of its global counterparts overnight with regional news painting the picture of healthy and stable environment. Australasia has seen its fair share of ups and downs over the years - particularly during 2015 when heavy concerns about the Chinese economy were driving down demand for the Australian Dollar and New Zealand Dollar alike. However, there has also been a tone of resilience. For example the Australian economy has remained in positive growth territory for a record period, and...
Will Pound to Euro Rates Gain in September?

Quiet Day for GBP/NZD (Ben Fletcher)

Sterling today held its ground against the New Zealand Dollar which is the first time in nearly 5 days the rate hasn't dropped lower than where it's started in a day. Moving forwards its unlikely that Sterling will be unable to really capitalise on any positive movements in the near future with the Brexit uncertainty. However over the next few months there is optimism that Sterling could start to move off the bottom if the Government's 12 Brexit white papers reveal all. There is hope...

GBP/NZD Where Next? Pound Forecast (Daniel Johnson)

Since the Brexit vote the pound has fell against the majority of major currencies. The New Zealand Dollar is no different. It is currently one of the best times to sell the kiwi since 2013. The question is,where next?. Post-Brexit data is now starting to filter through and I can foresee negative figures. I think there could be further woes ahead for the Pound. The monetary policy committee (MPC)  has stated if data continues to come in poorly we could see a further interest...