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GBP to NZD, is it likely the rate will improve over the next 12/24 months?

Your questions answered by our Currency Expert John Cameron. Click here to ask your currency question...

On Friday, 24th March 2017 following question to our expert...

We are moving to NZ in August and are considering our options regarding transfer of all of our savings/ home equity.

We can probably live off salaries (just) and leave everything else here for a year or two, but is the rate likely to improve while there is so much instability in the UK/ Europe?

Many thanks

On Monday, 27th March 2017 ...

Hi Niki,

The NZD had suffered some selling pressure in recent days following comments from the Reserve Bank of New Zealand suggesting that recent economic activity has been ‘weaker than anticipated’.

However, the blip higher for GBP NZD is likely to prove short-lived; the UK Government will announce that it has triggered Article 50 on Wednesday and this is forecast to weigh down Sterling in the short-to-medium term.

For this reason, I would consider selling your NZD sooner rather than later.

All the best,

John Cameron
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