Sterling New Zealand Dollar Forecast (Tom Holian)

Sterling has seen a rally during the last two trading sessions vs the New Zealand Dollar after a very difficult period this week. Sterling fell across the board mid-week following the news from the Budget Statement but the Interest Rate Decision made by the Bank of England on Thursday hinted that the UK's next policy move is likely for an interest rate rise rather than an interest rate cut. Wednesday next week sees the release of both Trade Balance data as well as Export data for...

GBPNZD rates free fall – STEVE EAKINS

Buying the New Zealand Dollar is getting more and more expensive of late, the trend seems negative for the pairing and any uplift should be seen as an opportunity rather than a change in fortune. Rates were at their highest we have seen for a while only on Tuesday following some commentary from the reserve Bank of New Zealand saying that they would cut interest rates further if inflation continued to impact their economy.  It seems highly likely that this is the only topic anyone...
GBPEUR Rejected by 1.17 Price Level Again

Where next for GBP/NZD? (Daniel Johnson)

The Reserve Bank of New Zealand (RBNZ) dropped interest rates last week from 2.50% to 2.25%. GBP/NZD now establishing new buoyancy levels from 2.12-2.15. The RBNZ has indicated there will be further rate cuts throughout the year so expect further weakening for NZD  in order to make New Zealand's exports more appealing. There is also the pending EU referendum to take into account, If  the UK are to remain in the EU expect a rapid advance for Sterling by as much as 15 cents. If...

New Zealand Dollar Weakens After Rate Decision (Ben Fletcher)

The New Zealand dollar has moved away from its 10 month highs after the Royal Bank of New Zealand cut interest rates. This has improved the prospects for NZD buyers who are now able to get a little more for their money. However the NZD is still very much at a low point as is a great time for selling, there is a potential for further interest rate cuts if the low levels of inflation don’t start to improve. The RBNZ have made it clear...

Gains made against the New Zealand Dollar for Sterling (Joshua Privett)

The Pound has been under pressure across the board today with rates having cannoned down against all major currencies. The New Zealand Dollar is the only major currency where Sterling has recorded any positive gains apart from the South African Rand, which is having a host of problems of his own. An overnight statement from Central Bank representatives has put a further cloud over the New Zealand economy and its appeal on the markets, hence the New Zealand Dollar weakness recorded overnight. When rates were cut...
GBPEUR Rejected by 1.17 Price Level Again

Sterling To Continue Bullish Run Against The NZD? (Joseph Wright)

Sterling sellers have benefitted from a strengthening Pound over the past few weeks, and this week could give us some insight as to whether this trend will continue and whether or not GBPNZD can establish a new trading range. GBPNZD spiked upwards last week as the Reserve Bank of New Zealand (RBNZ) unexpectedly reduced the official cash rate by 25bp to 2.25% at the March 10 meeting, and since that move we’ve seen the pair trade within a new range of 2.12 – 2.15. Economic news...

GBP/NZD settling following interest rate decision (Joshua Privett)

The Pound is up against most major currencies today following stronger than predicted trade balance figures for the UK economy being released this morning. The figures show that the deficit for the UK economy has been cut. So the amount we are importing compared to how much we are exporting has been cut. This is enough to increase confidence in the UK given the fact that a weakening Pound would have made increased exports an un-affordable prospect. However, one of the few currencies the Pound is down...

RBNZ Cuts Interest Rates! (Daniel Johnson)

The Reserve Bank of New Zealand cut interest rates during the early hours, from 0.250% to 0.2.25%. The current strength of the New Zealand Dollar has made New Zealand's  exports less appealing so this move is an attempt to combat this problem. The rate cut should also make carry trades less appealing. Carry trades are a strategy where an investor borrows money at a low interest rate in order to invest in a currency that is likely to produce a higher return. It is now predicted...

NZD Rises In Anticipation Of Interest Rate Decision Tonight

The RBNZ has a very busy evening tonight, and the Kiwi has gained on the US Dollar throughout today’s trading session in anticipation of the Interest Rate decision tonight by the RBNZ. The likelihood of an interest rate hike this evening is looking unlikely according to analysts, but the rate decision along with a Monetary Policy Statement and Press Conference is likely to have an effect on the Kiwi’s value, especially if any indications regarding monetary policy moving forward are announced tonight. Leading up to tonight’s...

New Zealand Dollar potentially faces a turbulent week (Ben Fletcher)

The GBP/NZD continues to remain around the 2.10 mark before the eagerly awaited interest rate decision from the Royal Bank of New Zealand on Wednesday evening GMT. There is expected to be a rate cut as the level of inflation in New Zealand is low and in need of a boost. This could cause an increase to the rate and could take trading levels back to the 2.20 mark. New Zealand Dollar may rise to 2.20 If you are looking to sell NZ Dollars it would...