GBP/NZD rates take further dip with concerning YouGov poll (Joshua Privett)

Pound to New Zealand Dollar exchange rates have seen further concerning falls overnight, with the late release of a recent YouGov poll showing the Conservative lead over their Labour counterparts having narrowed to just 7%. The knock-on effects for this are large. Whilst still projected to win, their ability to win a majority, according to an interesting article in The Times this morning becomes questionable. Furthermore, markets were only confident enough to bet on the Pound retaining stability when the gap between the two parties was more...
Will the GBP Recover Against the EUR?

Sterling NZD Exchange rate falls from 3 month high (Tom Holian)

Sterling vs the NZD has started to fall during this week after having hit close to a 3 month high during the last few days. The Pound has struggled across the board owing to the uncertainty of the Brexit vote which is due to take place in just over 6 weeks on 23rd June. At the moment the polls appear very close and although I don't think we'll see the UK leave the European Union the uncertainty of what may happen at the end of next...
Will the GBP Recover Against the EUR?

Will GBPNZD keep on rising?

The pound has risen against the New Zealand dollar which is presenting a much-improved position to buy New Zealand dollars. Market predictions are focusing on the outlook on the Brexit deal which is looking like it could see the pound stronger in the future.  Of course there are never any guarantees in these cases, overall the positive outlook for the pound which has helped lift GBPNZD could quickly come crashing down if there are any reasons to suspect the deal will suffer. Overall impressions on the Kiwi...

Pound surges after UK PM’s Brexit speech, will the positivity continue? (Joseph Wright)

The Pound spiked upward in excess of 1 and a half percent during today's trading session, after Theresa May gave a much-talked about speech which begun around 11.45am. The key points to take from her speech are that the UK government will not be seeking full single market access, and they will be passing the final deal through Parliament. The Pound was the best performer of all the major currency pairs in the wake of May's comments, with the vision for how the UK will go...

Poor news in the UK governing low GBP/NZD rates (Joshua Privett)

A very volatile day has already been seen for NZD buying rates with news coming out in the UK and in New Zealand itself affecting the value of both currencies, and therefore GBP/NZD rates of exchange. Sterling was hit severely today against all major currencies despite the best inflation figures for 13 months being released. This was because the rise in inflation was linked to similar healthier movements in the oil sector, which doesn't signal much of an improvement for the UK economy as a...

NZD Gives Up 6 Months of Gains

The GBP/NZD rate has jumped 13 cents in just over a month breaking 2.18 for the first time since the middle of February. The current boost to Sterling can be directly attributed to the fact that the Remain camp in the referendum has taken a lead. I would not be surprised to see further gains for Sterling in the coming few days, especially if the Remain campaign gains more strength. There is no major data being released for New Zealand in the remainder of the...

GBP/NZD showing marginal gains today (Joshua Privett)

The New Zealand Dollar enjoyed a higher level on the currency markets today due to positive poll results for the upcoming EU Referendum. Recent claims by the UK treasury that leaving the EU would make each household worse off by around £4,300 by 2020 have almost immediately translated into better poll figures for the upcoming vote in June to stay in the EU. Whilst the Leave camp have stated these figures are bias, their lack of a firm alternative plan following the Referendum is starting to...

Sterling rallies almost 4 cents against the NZD, a short term opportunity? (Joseph Wright)

Sterling has rocketed against the New Zealand Dollar today, with the pair trading as high as 2.1611 at the high point of the day. That's almost a 4 cent increase from the previous days close, creating a fantastic selling opportunity for those holding Sterling and hoping to convert it into New Zealand Dollars. Today's jump is the biggest I can remember in the space of one day for the GBPNZD pair this year, with the pair now trading at their highest level in 3 months. This...

New Zealand Dollar remains steady following trade balance, import and export figures (Daniel Wright)

New Zealand Dollar exchange rates have remained fairly steady so far today following no great surprises from the import, export and trade balance figures released earlier today. With exports being such a key data release for the New Zealand Dollar this data release can have quite an impact on the value of the currency, however with Trade balance coming out at -3.4 Billion no major market movements were witnessed. Coming up tomorrow we have ANZ Business confidence figures and for anyone with an interest in Sterling...

Will GBPNZD fall below 1.70?

The rates to buy Kiwis with pounds has plummeted in the last few weeks as fears and worries over the UK Brexit and impact on the UK weighs on the pound. The outlook for the UK remains poor since we know very little about just what is around the corner for the UK politically and this political uncertainty will very likely weigh on the UK economically. We are also concerned about the figures for the New Zealand economy but nowhere near as much as...