Pound New Zealand Dollar forecast page 17 - GBP NZD

The Pound New Zealand Dollar (GBP/NZD) is down today, and is currently trading at NZD$1.8381, despite news from the European Court of Justice that Article 50 can be revoked - effectively reversing the Brexit process. This came on the back of Monday’s release of the UK’s manufacturing PMI figures for November, which showed a...

GBP/NZD Exchange Rate Struggles to Continue Rally Ahead of the G20 Following the release of better-than-expected housing price figures from the UK, the Pound was able to rally against the New Zealand Dollar, climbing from NZ$1.8613 to NZ$1.8647 before the ‘Kiwi’ pushed back, with the Pound dropping 0.2% to a low of NZ$1.8589. The...

Since Wednesday’s strong New Zealand job market report, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been tumbling. The New Zealand Dollar continued to strengthen on Thursday as the Reserve Bank of New Zealand (RBNZ) tone became more neutral and investors bet that a rate cut from the bank was less likely. After...

On Wednesday, the Pound fell from an opening exchange rate of NZ$1.9811 to close down lower at a level of NZ$1.9797. This depreciation was caused by high anxiety about a meeting between Prime Minister Theresa May and the 1922 Committee, a group of pro-Brexit backbench MPs. The concern at the time was that the PM might face strong...

On Monday, the Pound to New Zealand Dollar (GBP/NZD) exchange rate opened in the region of NZ$2.0391 in the morning and closed slightly lower around NZ$2.0301 in the evening. There was little UK or New Zealand domestic data to refer to yesterday, so GBP/NZD movement was instead caused by a reported drop in UK business...

Last week, the Pound opened trading against the New Zealand Dollar at a level of NZ$1.9984 on Monday and closed down lower around NZ$1.9550 on Friday. This deterioration was caused by a late-week Brexit scare, which began with Thursday’s EU summit. Taking place in Salzburg, this summit brought together EU leaders for what GBP traders...

Despite market uncertainty ahead of the publication of New Zealand’s Q2 growth results, a combination of fresh Brexit jitters and higher demand for risk-correlated currencies kept pressure on the British Pound to New Zealand Dollar (GBP/NZD) exchange rate on Thursday. Brexit hopes initially helped GBP/NZD to see fairly steady movement...

On Wednesday, the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate opened in the region of NZ$1.9979 and closed down lower around NZ$1.9877. This overall decline in the GBP/NZD exchange rate was caused by GBP trader uncertainty about the Brexit process. European Commission President Jean-Claude Juncker was responsible for an...

On Monday, the Pound to New Zealand Dollar exchange rate opened in the region of NZ$1.9781 and closed higher at a level of NZ$1.9979. This appreciation was down to growing signs that Brexit talks could be wrapped up by November – EU Chief Negotiator Michel Barnier was responsible for such assumptions. Proving how big an issue a...

Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Drops on PMI Upset and Brexit Fears The Pound (GBP) has made notable losses against the New Zealand Dollar (NZD) and other currency peers today, falling in value because of the latest UK PMI and Brexit-related developments. In the former case, August’s manufacturing PMI has fallen by...