We remain cautiously bullish and a break above the 1.7310 level would probably signal a continuation higher.
The Pound to New Zealand Dollar defied expectations of further upside and broke down out of the consolidation pattern it was in instead.
GBP/NZD is consolidating between 1.7400 and 1.8000, but from both a fundamental and technical POV it is expected to breakout to the downside.
The Bank of England Interest Rate meeting is top of the agenda for this currency pair in the next week.
Although the New Zealand Dollar is trading 29% above ‘fair value’ versus the Pound this no reason to see at a sell, argues BNZ’s Stephen Toplis.
The New Zealand Dollar wobbled at the start of the new week on the resignation of New Zealand's Prime Minister Key.
A ‘stale’ monetary climate in the UK coupled with an overvalued New Zealand Dollar make them a winning combination, according to Jeremy Stretch.
A bullish chart pattern is indicating more upside is probable in the coming five days as the pound gains support from better-than -expected data.
GBP/NZD has risen as the New Zealand Dollar loses its top spot in the G10 constellation in terms of interest rates advantage.
The GBP/NZD pair is soaring after the success of Donald Trump increased global interest rate expectations, whilst the Reserve Bank of New Zealand (RBNZ) eased monetary policy.
The pound to New Zealand Dollar remains in a solid down-trend in the medium term.
The New Zealand dollar continues to be 'leader of the FX pack', as it matches the February lows versus sterling and pushes higher against other counterparts, especially the dollar.
The pound may renew its fall versus the New Zealand dollar as the New Zealand economy remains fundamentally sound and Brexit fears remain a ball and chain holding back sterling.