Will GBPNZD rise above 2?

The New Zealand dollar is softer in 2018 as the prospect of an interest rate hike is less likely, markets had previously been pricing in an interest rate rise but in the last 6 months this expectation has cooled. The New Zealand economy is performing well but raising interest rates could create more problems than it solves. For clients looking to buy an overseas property in New Zealand the current level is very attractive, up at some of the best levels we have had since...

Are GBP/NZD Rates Heading Above 2.20? (Matthew Vassallo)

GBP/NZD rates spiked aggressively during Tuesday's trading. The pair has moved approximately 3 cents from low to high, hitting their peak earlier this afternoon at 2.1750. Today's move is yet another example of how quickly and aggressively market conditions can change, without any real warning. The Pound has gained some support over the past 48 hours and today's move was exaggerated due to the latest Brexit poll, which had the Remain camp clearly in front. This follows a similar poll released last week and the markets are...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Will GBPNZD exchange rates hit 2 before the end of 2018? (Tom Holian)

The Pound has remained above 1.90 against the New Zealand Dollar since the start of the week after the International Monetary Fund upgraded the global growth forecast. They also gave a positive mention to the UK and have suggested that things could get better for the future of the UK as the US, EU and China have also been upgraded which will inevitably lead to more trade with the UK. The optimism surrounding Brexit appears to have also helped the Pound's prospects against a number of...

Will this months general election in New Zealand put pressure on the Kiwi? (Joseph...

The New Zealand Dollar has been coming under pressure in recent sessions as the general election on the 23rd of September approaches. The reason behind this apart from the political uncertainty which often has a negative impact on the underlying currency, is that both major parties in the running for the election appear to have outlooks which favour a weaker New Zealand Dollar. A recent survey out of New Zealand demonstrated that there has been a large increase in hedging practices from importers and exporters in...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Will Sterling’s gains versus the New Zealand Dollar be short-lived? (Joseph Wright)

Sterling sellers have been enjoying a recovery as of late, with the GBP/NZD currency pair gaining by around 3 cents since around this time last month. Much of the gains for the Pound are off the back of much better than expected Services, Manufacturing and Construction data which has come out of the UK since the UK electorate voted to leave the EU. Many had anticipated a reduction in economic output from the UK if it voted to leave yet as of yet the opposite...

GBP/NZD Remains At 2 Month High, Will It Continue? (Ben Fletcher)

One of Sterling's only positive pairings at the moment is the GBP/NZD. Due to the uncertainty in the US it appears investors have removed their funds from the riskier NZD and put them in safer currencies such as the US Dollar. The reason that is safer despite the North Korea uncertainty is their are so many factors effecting the currency one issue tends not to influence the value, saying that all out war will change things. From a data perspective there is very little out...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

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...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

GBPNZD is above 2! (For now….)

This might be the title of the post i will be writing in the next few weeks and months if as we expect sterling comes under pressure! I really do feel the Kiwi is going to remain popular because of the higher interest rate on offer and that overseas investors will benefit from a really good return on their funds in the future as the Kiwi interest rate remains high and investors choose to remain on top of this excellent deal. New Zealand Interest...
The Kiwi dollar and the pound rise on better news

New Zealand Dollar Riskier after Italian Election Uncertainty

The New Zealand dollar has come under a small amount of pressure after investors have shied away from the riskier currencies following the political uncertainty being seen in Italy at present and also as a result of a slide in oil prices after the recent strong rally. The Italian political uncertainty is likely to be a big driver for the coming days and possibly weeks for all of the major currencies including the New Zealand dollar. The kiwi is heavily impacted by this particular event...

What can we expect next on GBPNZD exchange rates?

The Pound to New Zealand Dollar exchange rate is still at a very good level, they have been over 1.90 once again trading in the 1.93-1.94 range today. There is a general belief rates could improve further but we will need to see some more positive news to rise back above the December high of 1.98. April sees a whole new set of economic news and events to move the market, the key information will be the New Zealand interest rate decision on May 10th. This...