1 month high to buy Kiwis!

Pressure from the Chinese stock market worries have continued to weigh on the NZD presenting some very good opportunities for those buying the Kiwi with the pound. The rates on offer at present are in my opinion much higher than could be reasonably expected given such market turbulence and fears present in the market for the pound. I think it is more than likely GBP worries will pull GBPNZD down in the future, personally I would be fearful of hanging on for too much...

GBP/NZD Rates Drop Following Poor UK Data (Matthew Vassallo)

GBP/NZD rates have dropped today, with the NZD gaining almost 2 cents since the start of European trading. Looking back and we’ve had a fairly flat market on the pair for the past month, with a small improvement for the NZD. Today’s GBP losses have come about due to yet another poor set of UK economic data releases, in the form of Industrial & Manufacturing Production. These both came out under expectation and when you add the positive New Zealand data that was releases overnight...

New Zealand Dollar News (Tom Holian)

Sterling has continued to climb vs the New Zealand Dollar following on from the better than expected US jobs report which was published on Friday afternoon. The issues from China have not helped things either as investors sell off riskier currencies including the NZD, AUD & ZAR. Tomorrow we could see the Pound fall vs the New Zealand Dollar when the NIESR publishes UK GDP for the last 3 months. The Office for National Statistics has downgraded UK GDP last month and I think the NIESR will...
GBPEUR rate remains steady as markets await the Autumn Budget

New Zealand Dollar finally gets some respite (Tom Holian)

The New Zealand Dollar found support after the Chinese stock market finally showed a positive move after the worst start to the year ever recorded in history. The recent Chinese slowdown has had a negative impact on the NZD creating the best opportunities to buy NZD with Sterling for a few weeks. With Chinese trade balance, export and import data due on Wednesday this could cause the next big catalyst for exchange rates. Personally I think we'll see Sterling go in an upwards direction this week against...

Problems in China Likely to Impact NZD Exchange Rates (Matthew Vassallo)

The on-going difficulties in the Chinese economy is likely to have a negative impact on the NZD over the coming days and weeks. The NZD has struggled for much of last year due to a stagnation in the New Zealand economy and a drop in exports, which are key component of their economy. Despite the general trend being negative the NZD did fight back towards the end of last year and in fact at the high had spiked over 15 cents. GBP/NZD rates are currently trading...

What Impact will China have on NZD Exchange Rates? (Matthew Vassallo)

GBP/NZD rates have stabilized of late, following an extremely volatile 2015 for the currency pair. The Pound reached a high of 2.45, with the NZD trading below 2 at its best point in early January. The Pound benefited from a sustained run of positive economic data, whilst the NZD struggled due to a slowdown in its export trade, predominantly due to the economic problems facing China & Australia, two of its largest export partners. The main catalyst for this was a slowdown in their dairy...

RBNZ Cut Interest Rates Again!

GBP/NZD rates have been on the rise for much of 2015 and provided some excellent buying opportunities for those clients holding GBP. At the start of the year Sterling was trading under 2 but by the summer we saw it breach 2.45. To put this in context on a £100,000 GBP/NZD transfer, that is an additional 50,000 NZD. Despite the fact the NZD has moved away from that low, with the pair currently floating around 2.25, I do not expect a sustained recovery and...
GBPEUR rate remains steady as markets await the Autumn Budget

New Zealand Dollar Forecast

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