Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

Lack of faith in Chequers proposal could hurt Sterling

GBP/NZD- Sterling continues to struggle against the majority of major currencies although we have seen a recent spike against the New Zealand Dollar. Be wary of think this rally will continue however. The lack of clarity surrounding the Brexit is still a huge concern amongst investors. Theresa May's chequers Brexit proposal has been heavily criticised by members of her own cabinet and considering there has to be a vote in order to pass the deal it does not bode well for the pound. Boris Johnson has...
Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

GBP/NZD Forecast – The Pound Rallies Following Key Brexit Comments

The Pound has rallied against the NZD during Wednesday afternoon trading, following some significant comments made by the EU’s chief negotiator Michel Barnier. Barnier indicated that he was close to offering the UK a post Brexit deal, which would be unique and unlike any other partnership the EU currently has with another country. These comments caused a huge surge in support for Sterling, which has been crying out for some positive news of late. The Pound has seen its value diminish over recent weeks and despite...
GBP/NZD - New Zealand Retails Sales Figures Likely to Boost Confidence in the NZD

GBP/NZD – New Zealand Retails Sales Figures Likely to Boost Confidence in the NZD

GBP/NZD rates have remained flat throughout Wednesday’s trading, with the Pound touching 1.93 earlier at its high. The NZD has received plenty of support around the current levels of late, with Sterling struggling to make any inroads above 1.95. The New Zealand economy has shown signs of life of late, after stagnating for the first two quarters of 2018. This positive outlook was accentuated overnight, following the release of the latest Retail Sales figures for New Zealand. These came out significantly better than expected at 1.1%,...
Pound to New Zealand Dollar rates remain in the higher ranges!

Pound to New Zealand Dollar rates remain in the higher ranges!

The Pound to New Zealand Dollar exchange rate remains at some of the higher levels we have seen since the Brexit vote in June 2016. Since that date GBPNZD has been trading between 1.68 and 2.05, current levels of 1.93 are therefore on the whole, quite encouraging. Expectations are now forming for the Pound to struggle in the months ahead as Brexit concerns continue to weigh on the UK and Sterling. However, the recent slide in the value of Sterling has been offset by the...
How Has China Helped to Boost the NZD?

New Zealand Dollar improves against the Pound owing to rising inflation

The New Zealand Dollar has strengthened against the Pound and a number of different currencies during today's trading session after the latest inflation news from New Zealand. The Reserve Bank of New Zealand released the latest inflation estimate which rose by 1.7% which is the fastest pace in seven years. This is above the mid-target set by the RBNZ and this has led to the Kiwi Dollar strengthening against the Pound today. The reason why is that if inflation starts to rise the typical way to combat...
The Kiwi dollar and the pound rise on better news

British Politics and the influence on the New Zealand Dollar

The Pound has once again come under a lot of pressure caused by the politics in the UK. Over the weekend Brexit Secretary David Davis handed in his resignation and this was followed by Foreign Secretary Boris Johnson yesterday afternoon. Following the Chequers meeting over the weekend, which was meant to galvanize the Conservatives in their attempt to sort out what will happen with the Brexit talks going forward, both announcements have caused the Pound to wobble. Since the weekend, the Pound has dropped by 2...
Kiwi Dollar feeling pressure of business confidence figures and Trump's tariffs

Kiwi Dollar feeling pressure of business confidence figures and Trump’s tariffs

The NZD is coming under increasing pressure, as fears over a full-scale global trade war continue to escalate. GBP/NZD rates hit 1.9621 at today’s high and despite the NZD finding some support around this level, the outlook for the Kiwi Dollar is not looking very positive. New Zealand’s Finance Minister has been busy trying to downplay the impact of poor NZ business confidence figures. Business confidence has hit a seven-year low, for the most part due to investor’s on-going concerns regarding global trade. It is interesting to...
New Zealand Dollar Exchange Rate: More Falls Expected as Coronavirus Shows No Let-Up

New Zealand Dollar Under Pressure as Trade Wars Escalate

The Pound has moved higher against the New Zealand Dollar this week although this is more to do with New Zealand Dollar weakness rather than Sterling strength. The ongoing trade war stemming from China and the US is definitely one to keep an eye on at the moment and the latest developments are having a direct impact on the commodity currencies which includes the New Zealand Dollar. The EU has been dragged into this now and have specifically targeted Harley Davidson as a company...

Kiwi dollar slightly weaker as GDP fails to promote rate hike expectations…

With the Reserve Bank of New Zealand in a fairly neutral state of late as markets try to anticipate their next move, will it be higher or lower on their interest rate? Yesterday's GDP (Gross Domestic Product) data showed some positive trends with 2.7% growth as expected, and 0.5% for the QoQ (quarter on quarter) growth. Expectations for the future now provide some platform for a further hike in the much longer term but ultimately with GDP lower than the previous 2.9% and 0.6% expected,...
Will GBPNZD rise back above 2?

New Zealand dollar at the mercy of global events!

The main driver on the New Zealand dollar at present is the Trade Wars which we are seeing driver the Kiwi lower, there is currently speculation Trump may announce up to $200bn of tariffs with China. Since New Zealand is very closely tied to the Chinese economy, any signs that there could be an upset to the Chinese economy will undoubtedly weigh on the Kiwi currency. Other factors that might drive the Kiwi in the coming days is the release of New Zealand GDP (Gross...