Buying New Zealand Dollar rates set to come under pressure today (Joshua Privett)

Buying New Zealand Dollar rates of exchange are set to come under pressure from the UK side of things, with the UK the focus of markets together having their release of the Autumn Statement today at 12:30 GMT. This is a public declaration of any changes in public spending policy, an announcement of targets and key areas of focus, but also the degree of borrowing expected based on how strongly the economy is expected to perform and how high tax receipts are expected to climb...

New Zealand Dollar strengthens against Sterling following Bank of England meeting (Tom Holian)

The New Zealand Dollar has strengthened dramatically vs Sterling during yesterday's trading session after the Bank of England confirmed that an interest rate hike in the near future looks highly unlikely. Although the central bank in the UK raised its growth forecast it also now expects inflation to fall to 2.7% by the start of next year rather than 2.8% which is another reason why the Pound was sold off during yesterday. With the New Zealand interest rate much more competitive than the UK this is...

Brexit talks cause problems for the Pound vs the New Zealand Dollar (Tom Holian)

The Pound vs the New Zealand Dollar exchange rate has been well and truly rocked by the news today of the latest Brexit talks. EU Chief negotiator Michel Barnier said that there has been a deadlock over what Britain is prepared to pay when it leaves the European Union. Sterling has fallen by over 2 cents vs the New Zealand Dollar during today's trading and I don't think we'll have a resolution coming in the short term. There is a summit due next week but the comments...

GBP/NZD continues to hold at 2.08 (Ben Fletcher)

The New Zealand dollar has continued to hold its recent strength having gained 10 cents in the last 7 days against Sterling. The recent nervousness with regards to the EU Referendum has cost Sterling considerable ground against the Kiwi and most other currencies. The year highs seen last month for the NZD could well return in the final run-up to the vote as investors start to sell-off there Sterling positions. The recent strength for the Leave campaign has created a lead of a few percentage...

Buying New Zealand Dollar? When should I trade?

Despite Sterling's severe decline against the NZD, there may be hope on the the horizon. The Reserve Bank of New Zealand have indicated they are will drop interest rates several more times this year in an attempt to boost the appeal of exports. If there is a cut expect Sterling to strengthen possibly by as much as 10 cents. The decision takes place on 27th April at 20.00. If you are an NZD seller it may be wise to move ahead of this event. If...
GBPEUR rate remains steady as markets await the Autumn Budget

Will the pound rise or fall against the New Zealand dollar?

The pound has been losing value against many currencies but the Kiwi is one currency sterling has not fared too badly against. The expectation for the future is that the pound will continue to lose value and with the New Zealand dollar looking like it might well strengthen the outlook should continue to favour NZD sellers over NZD buyers with pounds. The Kiwi had softened owing to global tensions as we saw North Korea fears lead to what are perceived as riskier currencies weakening. In...

Sterling has lost value against the NZD this week with the pair trading below...

This drop has come despite a positive run of economic data this week for the UK, with Manufacturing, Construction and Services figures all coming out well above market expectation.   Whilst the NZD still looks very attractive when you consider the history on the pair, NZD sellers may be wise to consider their positon following the US FED’s decision to raise interest rates by 0.25%, a move which has caused investors to move their funds away from riskier assets such as the NZD and back into...

New Zealand Dollar Shows Further Gains (Ben Fletcher)

The last day of May and the first day of June has brought a 7 cent gain for the NZD against Sterling. Last week Sterling rose to a month high of the back of an Ipsos Mori Referendum poll indicating the Remain campaign had a significant lead. However the start of this week has shown the champagne should stay corked for the time being after the Guardian published a poll which favoured the Leave Campaign. No doubt there will be contradicting opinion polls in the coming...

New Zealand Dollar comes under pressure after RBNZ comments, will GBP/NZD see a rise?

The Pound to New Zealand Dollar exchange rate bucked the trend today and rose which is in contrast with how the Pound is performing against most other major currency pairs. Sterling has been coming under increasing pressure over the past week as fears over Brexit continue and hopes of a rate hike from the Bank of England appear to have waned. One of the headlines from the financial world at the moment is that the Pound to Euro exchange rate has hit an 8-year low which...

GBP/NZD Rates Slide as Brexit Talks Continue (Matthew Vassallo)

GBP/NZD rates have dropped by over two cents from the high during Wednesdays trading. Today’s drop in value for Sterling continues the negative trend already seen this week, with the Pound putting pressure on 1.80 before the subsequent retraction towards 1.76 on the exchange. Sterling is suffering due to the on-going Supreme Court ruling regarding the triggering of Article 50. With the High Court’s decision likely to be upheld when the Supreme Court casts its verdict next month, MP’s are likely to vote in favour of...