Pound New Zealand Dollar forecast page 18 - GBP NZD

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Retreats following Rise in Risk-Appetite Shortly after reaching its highest rate in a week overnight, the Pound New Zealand Dollar (GBP/NZD) exchange rate fell by over half a cent today as risk-appetite was reinvigorated following a dip in the US Dollar (USD). Despite the pairing tipping in...

On Wednesday, the Pound to New Zealand Dollar exchange rate opened trading in the region of NZ$1.9355. After a rocky day’s trading, Pound Sterling closed up slightly higher in the GBP/NZD pairing at a level of NZ$1.9357. The Pound initially rose to a daily high of NZ$1.9409, but failed to maintain this lead because of dwindling...

On Monday, the Pound to New Zealand Dollar exchange rate opened trading in the region of NZ$1.9376 and closed up higher around NZ$1.9411. This slight appreciation was caused by positive speculation that Tuesday’s UK wage growth data could show a rise in June. Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Slides on UK Wage Growth...

Despite underwhelming New Zealand data and continued market aversion to risky trade-correlated currencies amid US-China trade anxieties, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has ultimately failed to move much this week at all due to significant Brexit jitters weighing on the Pound’s appeal. Since opening this...

Despite the New Zealand Dollar’s broad weakness on market risk-aversion and an interest rate hike from the Bank of England (BoE), the British Pound to New Zealand Dollar (GBP/NZD) exchange rate may not have advanced much by the end of the week. Cautious tones from Bank of England officials continue to weigh heavily on the Pound. Since...

Tuesday’s GBP/NZD trading saw the Pound open in the region of NZ$1.9320 and closed slightly higher at a level of NZ$1.9328. This wasn’t the sum total of daily trading – the Pound to New Zealand Dollar exchange rate fluctuated significantly from the morning to the evening. Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange...

On Thursday, the Pound opened trading against the New Zealand Dollar at a level of NZ$1.9251 and closed up slightly higher at NZ$1.9297. This advance came despite strong headwinds against the Pound from UK domestic data, which showed retail sales growth slowing by more than expected in June. Last month’s readings showed unexpectedly...

Despite broad uncertainties about the Brexit process, risk-aversion ultimately got to the New Zealand Dollar again last week and the British Pound to New Zealand Dollar (GBP/NZD) exchange rate advanced. On Monday, the New Zealand Dollar saw mixed trade as investors anticipated major New Zealand inflation data. After opening last week at...

June’s UK PMI data was impressive enough to cause a jump in Bank of England (BoE) interest rate hike bets, but this wasn’t enough to keep the British Pound to New Zealand Dollar (GBP/NZD) exchange rate buoyed. Instead, Brexit jitters and a brief boost in risk-sentiment pushed the pair lower towards the end of the week. After opening...

A lack of market reasons to buy the New Zealand Dollar, as well as huge bets that the ‘Kiwi’ will fall against the US Dollar (USD), made it easier for the British Pound to New Zealand Dollar (GBP/NZD) exchange rate to advance on Monday. However, Sterling’s gains were limited as Brexit jitters remained. Last week’s worsening in...