Sterling Strengthens over New Zealand Dollar (Daniel Johnson)

We have seen a spike for the Pound against NZD of late. This is predominantly due to a large increase in mortgage approvals. Many who own several properties have decided to sell them off to avoid the 3% increase in stamp duty to be implemented on April 1st. I feel Sterling's rally will be short lived, There are two key events that I feel will hold back any significant Sterling rally. The budget on 16th March and the pending EU referendum. George Osborne is set...

GBP rallies against NZD (Dayle Littlejohn)

Since September 2015 the New Zealand Dollar has been making gains against sterling and the exchange rate has dropped by over 30 cents! However today the Pound has rallied against the dollar pushing GBPNZD back above 2.10. Next week on Wednesday is the latest Interest Rate decision for the RBNZ. Since April 2015 interest rates have fallen from 3.5% to 2.5% in order to stimulate the New Zealand economy. If we saw the RBNZ cut rates further I expect GBPNZD to rise back above 2.15. However I...

New Zealand Dollar Starting to Weaken (Ben Fletcher)

The New Zealand Dollar continues to hold strong around the 2.10 mark, creating a great window for selling NZD but not for those buying with Sterling. Last night saw the new Building Permits date release; this figure shows the amount of new construction projects granted. The figure was -8.2% which was down significantly from the 2.3% the previous month. The GBP/NZD rate has increased from the lows of 2.07 last week and is moving up this morning potentially on the back of the new...

EU Referendum Causes Sterling to plummet against New Zealand Dollar (Daniel Johnson)

GBP/NZD currently sits at 2.08, this due to GBP weakness as apposed to NZD strength. Boris Johnson backing a Brexit along with Justice Minister Michael Gove and former Conservative Leader Ian Duncan Smith has sent Sterling into free fall against all major currency pairings. A current FT poll has 48% of the UK population voting in favour of staying in the EU and 38% against, with the remainder undecided. If the UK were to leave the EU it would be catastrophic for the Pound. I would...

GBP/NZD Rates on the Slide! (Matthew Vassallo)

GBP/NZD rates have dropped again during Wednesday’s trading, following a tough few days for the Pound. Sterling has come under increasing pressure across the board this week, following market concerns regarding a possible “Brexit” from the EU and the upcoming referendum in June.   This negative trend for Sterling has coincided with the turn of the year and I now feel GBP will struggle to regain the ground it lost. The Bank of England (BoE) seem to have changed their stance completely and are now actively...

Kiwi surges on cheap money and weak pound!

Investors are taking up positions on the Kiwi to boost their portfolios in the belief of better exchange rates on offer down the line. One of the main drivers on exchange rates is interest rates and a common strategy to help investors make decisions stems from their use of low interest rate currencies such as the Japanese Yen to invest in higher interest rate currencies such as the New Zealand dollar or Australian dollar. Currently in Japan they are using negative interest rates as a...
GBPEUR Rejected by 1.17 Price Level Again

NZD Holds Strong Against Pound, Despite Interest Rate Threat

The NZD dollar is holding strong against the pound currently, much like many currencies at the moment. This is still despite the outlook from the Australian Commonwealth Bank and the general attitude of the Royal Bank of New Zealand. One of New Zealand’s biggest exports is dairy and for the fourth auction running there was a decrease in the price which is starting to cause concern. This was coupled with a weaker than expected retail sales, which was 1.2% instead of 1.5%. Considering the weaker figures...

Poor news in the UK governing low GBP/NZD rates (Joshua Privett)

A very volatile day has already been seen for NZD buying rates with news coming out in the UK and in New Zealand itself affecting the value of both currencies, and therefore GBP/NZD rates of exchange. Sterling was hit severely today against all major currencies despite the best inflation figures for 13 months being released. This was because the rise in inflation was linked to similar healthier movements in the oil sector, which doesn't signal much of an improvement for the UK economy as a...

NZD Showing Strength Despite Forecasts

The GBP/NZD rate dropped to its lowest point in a month towards the end of last week. This could be down to the major sell-off that was going on in the currency markets which seems to have passed the New-Zealand dollar by. Investors kept their money in the NZD whilst a lot of other currencies were offloaded. In New Zealand there is a retail sales release today, the figures are expected to be positive which could further strengthen the NZD. However the New Zealand dollar has...
GBPEUR Rejected by 1.17 Price Level Again

New Zealand Dollar has a positive start to February vs Sterling (Tom Holian)

GBPNZD exchange rates have fallen recently and trading currently at 2.15-2.16 this morning as I write this article. The Bank of England confirmed yesterday a change in the voting pattern with 8-1 turning into 9-0 in favour of keeping interest rates on hold. The UK Quarterly Inflation Report which also came out at the same time reinforced the decision to keep interest rates on hold. Whilst inflation remains as low as it is in the UK at just 0.2% any rise in rates is simply out of...