GBPNZD remains above 1.90, but for how long will it stay there?

GBPNZD was pushed back above 1.90 yesterday as the pound was dealt some good news over the Brexit. Sterling rose up against the New Zealand dollar on the news that the UK might be getting some kind of special deal with access to the Single Market for the UK. The Kiwi was also slightly weaker as the price of WMP (Whole Milk Powder) was shown to have fallen at the most recent dairy auction. If you need a transfer buying New Zealand dollars the outlook...

GBP NZD Breaks Over 1.90 (James Lovick)

GBP NZD exchange rates have seen a good boost with levels breaking back over the 1.90 target. This however has been something of a sterling story though and clients looking to buy New Zealand dollars with pounds would be wise to consider taking advantage of the higher levels which are once again available. The pound has seen a good boost against the New Zealand dollar largely as a result of a perceived better outlook for the economy and also in the Brexit negotiations. There is...

GBPNZD rates at month HIGH – STEVE EAKINS

Buying the New Zealand dollar has been becoming cheaper to buy over the last month, Rates are currently towards the best levels that we have seen for the LAST MONTH. This gain has been a combination of both New Zealand weakness and Sterling Strength. Even without a crystal ball trying to second guess the direction of the market moving forward – there is a strong argument that the current opportunity should not be missed – Contact myself Steve Eakins through [email protected] to move quickly. Moving forward...

Low Inflation Levels to Force Reserve Bank of New Zealand (Ben Fletcher)

The likelihood of a rate cut in the coming few weeks is very high as New Zealand reported lower than expected inflation figures today. The Reserve Bank have already announced a surprise statement expected this week as opposed to waiting for the next official Monetary Policy Committee meeting in August. Should the interest rate be cut by another 25 base points to 2% there is a very strong chance the NZD will lose much of its recent gains against all currencies including Sterling. Even with...

GBPNZD rates rise!

GBPNZD rates have risen lately but could be in for a very volatile end to the week with important news from the United States and also the UK likely to shape the trend. Sterling is in the spotlight tomorrow as the latest Autumn statement budget will unveil the new UK governments plans on the economy and provide some indications of what we can expect next. I would not be surprised to see GBPNZD higher towards the end of the week back towards 1.78. The US...
GBPEUR Showing Weakness Despite Strong Data

Sterling Falls after Trump Effect Settles Down (James Lovick)

The pound took losses against all of the major currencies including the New Zealand dollar this morning following a leaked government report surrounding Brexit. The report suggests that that some 30,000 extra civil servants may be needed and that delays of 6 months could be seen. There are also supposed divisions in cabinet. This is important as it is the first snapshot of what is happening inside government with regards to Brexit and it highlights how mammoth the task is. The report ultimately hints that...
GBPEUR Showing Weakness Despite Strong Data

GBP/NZD Forecast – Is it Time to Sell Your NZD Position? (Matthew Vassallo)

The Pound made gains against NZD counterpart overnight, with the pair hitting 1.7849 at the high. This increase in value will be welcomed by those clients holding Sterling, following the recent destabilisation of the UK economy and the subsequent negative effect this has had on GBP. Whilst the current becomes ever more difficult to dissect, commodity based currencies such as the NZD are always suseptable to increases or decreases in global market confidence. It can be argued that whilst fears over Brexit are hurting the Pound’s value,...
GBPEUR Showing Weakness Despite Strong Data

Next week could be busy for the Kiwi!

This month has seen Chinese uncertainty and GBP worries act as the main driver on GBPNZD. Expectations are for next week to become a little more interesting on the NZD currency itself as we have the RBNZ (Reserve Bank of New Zealand) Interest rate decision. The RBNZ have their current interest rate set at 2.5%, this high level of interest has previously helped support a very strong New Zealand dollar although in recent years a lower interest rate and worries over a slowdown in...

GBPNZD continues to fall (Dayle Littlejohn)

Today, Chancellor George Osborne has defended his recent budget in the House of Commons. Ian Duncan Smith resigned from his post as Pension Secretary, due to and I quote 'indefensible' cuts to the disability budget by Mr Osborne last week. Many are questioning whether Ian is unhappy with the budget or actually he has a secret agenda in regards to upsetting the Conservative party when there is less than 100 days to the referendum. Negative press for the UK government weighs down on the Pound. Throughout the...
Will GBPNZD rise back above 2?

NZD Forecast – New Zealand Economic Slowdown Handicapping the NZD (Matthew Vassallo)

The NZD has struggled to make any significant impact against Sterling in recent months, with GBP/NZD levels holding firm above 1.90. Sterling hit a high of 1.9344 overnight and despite the NZD finding some support around this level, there is no indication that it is likely to make a move back towards 1.90 over the coming days & weeks. The NZD has been handicapped due to low investor confidence in the New Zealand economy at present, with any positive moves being diluted by the Reserve Bank...