GBP/NZD Rates Remain Volatile Ahead of Tonight’s US FED Interest Rate Decision (Matthew Vassallo)

GBP/NZD rates have remained as volatile as ever over the past month, with the pair currently floating just under 1.76 on the exchange. The Pound has been boosted over recent weeks by a run of improved economic data, and this helped move the pair up from the 1.70 range to current levels. Whilst the NZD still looks very attractive when you consider the history on the pair, NZD sellers may be wise to consider their positon ahead of tonight’s interest rate decision by the US...

Pound to New Zealand Dollar rates stalled since the end of April (Joshua Privett)

Pound to New Zealand Dollar exchange rates are up at some of the highest levels available in over half a year, but have struggled to breach higher than where they were previously - stalling in the high 1.80's which was reached in the immediate aftermath following the election announcement in the UK. As we edge closer to the election, Pound strength is now being matched by New Zealand Dollar exchange rates. The New Zealand Dollar is currently benefiting from better exchange rates through higher demand globally....
GBPEUR rate remains steady as markets await the Autumn Budget

New Zealand Dollar Unemployment Figures (Ben Fletcher)

Today New Zealand releases their unemployment figures for Q2. There is an expectation that the unemployment rate will drop by 0.4% indicating that the domestic economy could be in a positive position. The Reserve Bank of New Zealand has for the second time this year cut interest rate taking the Official Cash rate down to 2%. This is down to the need to increase the inflation level which is particularly low. The NZD recent strength has done little to help the inflation level domestically...

New Zealand Dollar weakens on hopes of a US Interest Rate hike (Joseph Wright)

The New Zealand dollar has weakened against the Pound as well as a number of other major currencies over the past few days, as hopes of an Interest Rate hike in the US increase. Whilst the banks over in the US offer little in the way of interest payments, investors have piled money into the likes of the New Zealand and Australian Dollar due to the much higher rate of interest offered and this has caused these high yielding currencies to really gain in value. The...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling slides with automated trading programs getting the blame (Joseph Wright)

Sterling fell quite heavily against almost all major currency pairs yesterday, and without any major economic news released to justifiably trigger such a drop. Analysts have mainly been blaming automated trading programs for the drop, and it's not the first time we've seen them hit the headlines as they have previously hit the headlines for creating a downward spiral within currency pairs. The way in which this happens is the new lows continue to trigger what are known as short positions which are essential financial...

UK Retail Sales Figures Could Halt Sterling Recovery (Matthew Vassallo)

Sterling could find its recent recovery against the NZD short lived following, following poor UK Retail Sales figures released this morning. The official figures of -0.9% came in well below expectation and Sterling’s value has taken an instant hit as a result. GBP/NZD rates have dropped back towards 1.88 on the exchange, having hit a high of 1.9039 early this morning. This is stark reminder of how fragile the UK economy remains and I why I have been suggesting that clients protect themselves against further...
GBPEUR rate remains steady as markets await the Autumn Budget

Will the Pound to New Zealand Dollar rate fall back to its 2016 lows?

Although the Pound is up slightly against the New Zealand Dollar this morning, it appears that the GBP/NZD longer term trend is that of a downward one. The Pound has been losing value against the majority of major currencies in recent months for a number of differing reasons, and the pattern verses the New Zealand Dollar is no different. The failure of the Conservative party to win the snap election they called has reduced confidence in the UK economy and its future, and with Brexit talks...

Lending Limits introduced by the RBNZ and the impact on buying New Zealand Dollars...

The Reserve Bank of New Zealand has recently suggested that they will be introducing lending limits in an attempt to cool the over inflated housing market in the country. The central bank has already suggested that an interest rate cut is very likely when they next meet on 10th August. Typically if interest rates are cut this helps the property market as it means loans become cheaper and therefore creates more demand for property purchases and this increases house prices. However, this attempt to limit the lending...

Will the GBP to NZD buying rate return to levels above 1.80? (Joseph Wright)

It's been almost a month since the Pound to New Zealand Dollar exchange rate was last seen trading over the 1.80 mark, and almost 2-months since the rate was almost as high as 1.90. The disappointing election outcome for Theresa May's Conservative Party triggered the recent fall in the Pounds value and the increasing rate of inflation, coupled with the unlikelihood of an interest rate hike this year is adding to the Pound woes. We've been receiving mixed messages from the Bank of England as to...
Best time to buy Pounds with Canadian Dollars in 2 months

Will the Kiwi rise or fall in the coming weeks?

The New Zealand dollar has been rising as investor sentiments over the global outlook turn slightly more positive, the New Zealand dollar benefits from its status as a commodity currency paying a higher yield. With the Reserve Bank of New Zealand offering 1.75%, it remains a very attractive currency for investors to beholding. The outlook for the Kiwi is generally more positive for the currency owing to the improved global sentiments we have been witnessing lately. These include the Trade Wars not impacting markets as...