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...

Sterling to New Zealand Dollar value rockets on BoE hopes, will this trend continue?...

The GBP/NZD rate jumped dramatically today after some bullish comments from the Bank of England. The governor of the BoE, Mark Carney adopted a far more bullish tone that the markets had anticipated, and mentioned that if the UK economy continues to grow at a higher rate than expected then the BoE may need to hike rates sooner and by stepper amounts than previously planned. Carney also mentioned that the plans have changed over the past 3-months owing to improved economic performance and also a pick...

1 month high to buy Kiwis!

Pressure from the Chinese stock market worries have continued to weigh on the NZD presenting some very good opportunities for those buying the Kiwi with the pound. The rates on offer at present are in my opinion much higher than could be reasonably expected given such market turbulence and fears present in the market for the pound. I think it is more than likely GBP worries will pull GBPNZD down in the future, personally I would be fearful of hanging on for too much...

New Zealand Dollar Keeps Receiving Good News

The New Zealand Dollar continues it over-performance as the early hours of Monday morning brought a Consumer Price Index release which came in higher than expected. There is even more good news for the NZD as the Global Dairy Trade Auction this afternoon saw the price of goods rise by more than 3%. This will be very significant as Dairy is New Zealand’s biggest export and it could be the second auction in a row where there is a price increase, this is coming...

GBP NZD ahead of US Fed Interest Rate Decision (James Lovick)

The pound remains very weak against the New Zealand dollar despite trying to make some inroads in recent weeks. The kiwi dollar remains very buoyant but things could be about to change with developments in the US. GBP NZD did have 1.80 in its sights but has since retracted although developments in the US tomorrow could see another push higher for this pair. Selling New Zealand dollars? All eyes are now on the US Federal Reserve interest rate decision tomorrow night where high volatility for all...

Chinese Imports grow causing strength for the New Zealand Dollar vs Sterling (Tom Holian)

Sterling vs the New Zealand Dollar exchange rates have started to fall recently following the uncertainty surrounding the Brexit vote in the UK. A fortnight ago we saw a 4 month high for GBPNZD rates as the opinion polls showed the Remain camp firmly in the lead. However, since then we have seen the Leave camp go into the lead according to polls published by the Guardian and Telegraph newspaper. Chinese import data published a few hours ago showed levels much better than expected and as China...

The Pound begins the year on the back foot, will GBP/NZD continue to decline?...

The Pound has come under pressure over the past two trading days after the Prime Minister of the UK, Theresa May offered us an insight into her plans during an interview which hasn't been welcomed by Sterling bulls. The Pound has been falling after May suggested that the UK government will prioritise immigration controls as opposed to focusing on retaining access to the single market. May also mentioned that we cannot keep 'bits' of EU membership. Overall the general consensus is that May's preference is...

How will Tomorrow’s Budget Affect GBP/NZD Exchange Rates? (Matthew Vassallo)

The NZD has found support under 1.75 against the Pound over the past week but is still struggling to make a sustained move, despite the growing fears surrounding the UK’s Brexit. This is quite poignant in my opinion, as the Pound has suffered against most of the major currencies of late, as discussed earlier in this report. Any clients holding NZD should be keeping a close eye on tomorrow's budget, as any indication of increased future economic growth could drive GBP/NZD through 1.75, which has become...

Where will happen to the Pound against the New Zealand Dollar? (Tom Holian)

The Pound has seen a little fall against the New Zealand Dollar during the last couple of days as Sterling has started to struggle after recent problems with inflation levels. Later today we have the Quarterly Inflation Report hearings and this could cause further volatility for GBPNZD exchange rates going forward. The problem facing the British economy is that of rising inflation and typically the central bank would increase interest rates in an attempt to curb inflation. However, owing to the enormous amount of Quantitative Easing introduced...

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....