Pound Euro falls after PMI Services Data in the UK

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...

Kiwi decision weakens the Kiwi!

The outlook for Kiwi buyers has improved a little as the markets price in the prospect of the Reserve Bank of New Zealand cutting their interest rate. The RBNZ has switched their policy to slight easing bias in light of recent developments globally but principally in their region. The Chinese economy has really struggled this year and this is putting pressure on the New Zealand economy since the Kiwi economy relies so heavily on Chinese demand which supports that area of the world. The RBNZ...

Big decision for the Royal Bank of New Zealand tonight

It’s a big day for the NZD today as the Royal Bank of NZ makes a decision on the interest rate level tonight. This decision comes after a recent revision down of positive to stable by credit ratings organisation Fitch’s, this essentially means the outlook for New Zealand’s economy is worsening. Whilst this doesn’t come as particularly surprising news it does however physically confirm what many people are speculating about the economy. In the last few weeks New Zealand has seen losses in the dairy...

Important week for the Kiwi!

This week there are two key releases which will likely have a big impact on GBPNZD exchange rates. Specifically concerning the New Zealand economy we have the Reserve Bank of New Zealand (RBNZ) Interest rate decision and Monterary Policy Statement. The likelihood of some further news on 'easing' or a potential cut in the New Zealand Interest rate is I believe high. Waning Chinese demand in the region should be putting pressure on the Kiwi economy and make a rate cut much more likely. Investors...

When is the best time to buy New Zealand dollars this month?

If you are buying New Zealand dollars with sterling rates are much lower today versus the highs of last year. Most analysts expect the Kiwi to weaken longer term as China slows down and demand in the New Zealand economy shrinks. The greatest trigger on a sharp sell off for the Kiwi could be a big escalation of the Chinese market worries which are perhaps the single biggest threat to financial markets at present. Next week is the Reserve Bank of New Zealand Interest decision...
Pound Euro falls after PMI Services Data in the UK

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...