Will the GBP Recover Against the EUR?

Next week could be busy for the Kiwi!

This month has seen Chinese uncertainty and GBP worries act as the main driver on GBPNZD. Expectations are for next week to become a little more interesting on the NZD currency itself as we have the RBNZ (Reserve Bank of New Zealand) Interest rate decision. The RBNZ have their current interest rate set at 2.5%, this high level of interest has previously helped support a very strong New Zealand dollar although in recent years a lower interest rate and worries over a slowdown in...

New Zealand Dollar remains stable despite global uncertainty – What is impacting NZD exchange...

The New Zealand Dollar has remained stable over the past 24 hours despite the continuing global uncertainty surrounding China and the global stock market as a whole. Exchange rates for the Antipodean currencies have been rather volatile of late and I expect this trend to continue in the coming weeks. The New Zealand Dollar can still be impacted quite considerably by carry trading. Carry trading is the process where an investor borrows money in a currency with a very low interest rate and then shifts the...

GBP/NZD Rates Crash Following Carney’s Speech (Matthew Vassallo)

GBP/NZD rates have crashed during Tuesday’s trading, with the Pound coming under further pressure during afternoon trading. We had seen Sterling start to make a recovery after a difficult couple of weeks but following Bank of England (BoE) governor Mark Carney’s speech today, GBP/NZD rates have dropped at an alarming rate. The pair now sitting just below 2.19 having hit a high of 2.2198 earlier today, providing NZD sellers with an excellent window of opportunity. The reason we have seen rates drop is due to...

New Zealand Dollar regaining lost ground (Joshua Privett)

The New Zealand Dollar has regained some of the lost ground previously seen at the start of the month when news coming out of China caused more dismay to the financial markets similar to what we were seeing in October. Strangely, overnight news that Chinese growth was the lowest markets had seen in decades did little to weaken the New Zealand Dollar further on the markets. It seems that markets were already expecting poor figures such as this to be released overnight, which is why the...

New Zealand Dollar Update (Tom Holian)

Sterling NZD exchange rates have remained high even though confidence in Sterling has dramatically reduced this week. It will be Tuesday that will have the biggest effect on exchange rates when China releases a whole host of data. The Chinese are set to release GDP data and with the worst start to a year ever we could see huge New Zealand Dollar weakness vs Sterling if the data shows further falls. My prediction is for Sterling to rise vs the New Zealand Dollar If you have a currency...

GBP/NZD rate continues to climb even though Sterling is weakening! (Joshua Privett)

Sterling is currently taking severe hits on the markets as a result of the recent flooding in the United Kingdom combined with further rumours of a potential 'Brexit'. Yet still GBP/NZD rates continue to climb, suggesting that whilst Sterling is weakening, the New Zealand Dollar is weakening more. Recent news out of China is continuing to see a fall in exchange rates govern the financial markets. With New Zealand and Australia dependent upon China as a source of income from exports, the news is causing severe...

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...
Will the GBP Recover Against the EUR?

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...