Pound New Zealand Dollar forecast - GBP NZD

The Australian and New Zealand dollars both benefitted from a surge in risk appetite following the benign US inflation data and the Australian dollar also drew support from the latest wages data. Chinese data releases also triggered an element of optimism surrounding the economic outlook which also underpinned the Australian and New...

The Pound to New Zealand Dollar exchange rate (GBP/NZD) hit 3-week highs near 2.0660 on Friday amid risk aversion. The New Zealand election result and hopes for Chinese support measures triggered a reversal on Monday with GBP/NZD sliding to test the 2.0500 area. Crucial GBP/NZD support does not emerge until the 2.0275-2.0300 area. In...

New Zealand Dollar (NZD) Buoyed as RBNZ Hikes Rates by 50bps The New Zealand Dollar (NZD) found a surge in demand on Wednesday in the wake of the Reserve Bank of New Zealand (RBNZ) raising the interest rate to 4.75%, the highest level since January 2009. The move was the 10th consecutive raise, the most aggressive tightening cycle since...

Pound (GBP) Slumped on Cost-of-Living Crunch The Pound (GBP) struggled for demand against almost all its rivals on Wednesday as the cost-of-living crisis deepens. Food prices continue their surge as they rose by 11.6% in October, the fastest increase since 2005 when records began. Non-food prices also increased 4.1% from September,...

GBP/NZD Exchange Rate Tumbles on Risk-On Mood, Sterling Weakness The Pound New Zealand Dollar (GBP/NZD) exchange rate is falling this morning as a stronger risk appetite buoys risk sensitive currencies, while energy-related headwinds in the UK suppress appeal for the Pound (GBP). At the time of writing, GBP/NZD is trading at...

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Gains amid Poor NZ Growth The Pound New Zealand Dollar (GBP/NZD) exchange rate is climbing higher in the aftermath of the Bank of England’s (BoE) interest rate decision. The currency pair fell earlier after the central bank announced a 0.25% rate hike. The possibility of aggressive...

GBP/NZD Plunges as RBNZ Hikes Interest Rates The Pound New Zealand Dollar (GBP/NZD) exchange rate is falling today after the Reserve Bank of New Zealand (RBNZ) hiked interest rates. Meanwhile, the Pound (GBP) is under pressure following publication of Sue Gray’s ‘Partygate’ report. At the time of writing, the GBP/NZD exchange...

GBP/NZD Plunges despite UK Chancellor’s Promising Comments The Pound New Zealand Dollar (GBP/NZD) exchange rate is falling despite hopes UK Chancellor, Rishi Sunak, will have some ‘wiggle room’ to support citizens in his upcoming Spring Budget. At the time of writing, the GBP/NZD exchange rate is trading at approximately...

GBP/NZD Falling as Reserve Bank of New Zealand Hikes Interest Rates as Forecast The Pound New Zealand Dollar (GBP/NZD) exchange rate is falling today after the Reserve Bank of New Zealand (RBNZ) hiked interest rates as expected. At the time of writing, the GBP/NZD exchange rate is trading at approximately NZ$2.0028, down roughly 0.6%...

GBP/NZD Firms on UK Sales and Risk-Off Mood The Pound New Zealand Dollar (GBP/NZD) exchange rate has edged higher today thanks to some promising data from the British Retail Consortium (BRC). Meanwhile, the ‘Kiwi’ finds itself under pressure amid a risk-off market mood. Pound (GBP) Gains on UK Retail Sales The Pound...