GBP/NZD

Rising political risks have recently weighed on the New Zealand Dollar and some analysts see potential for further downside.

The New Zealand Dollar has lost ground over recent sessions despite positive dairy price data, and this was probably as a result of the currency absorbing political risk.

The New Zealand Dollar lost ground last week as political risks started to dominate the exchange rate ahead of the September 23 elections and a downwards revision in government growth forecasts also weighed.

The New Zealand Dollar (Kiwi) is at risk of weakening due to political risks, say analysts at Credit Suisse.

The Pound to New Zealand Dollar (Kiwi) is in a lengthy sideways range which began in June when the exchange rate bottomed at the 1.7300 lows.

A multitude of indicators are showing the New Zealand Dollar is probably peaking, says BNZ's Jason Wong.

Analysts at Lloyds Bank Commercial Banking have released their monthly currency report; below are the highlights for key Sterling pairs.

The Reserve Bank of New Zealand (RBNZ) meets on Wednesday to decide policy, which could impact on the New Zealand Dollar.

 The Pound to New Zealand Dollar (Kiwi) is currently in a short-term downtrend which is broadly expected to continue over the next five days.

The Pound to New Zealand Dollar pair has been trading sideways since the beginning of June and it reamins within that broad range, trading with an upside bias as the new week begins.

The Pound to New Zealand Dollar was moving in a sideways range during most of June and July but last week it decisively broke lower.

The commodity currency block, which includes AUD, CAD and NOK, is forecast to turn higher, says analyst Bipan Rai of CIBC economics.  

NZD/USD is describing a 'V' shaped price action over the last 24-hours as varrying factors have impacted on the currency pair

The pair is broadly moving sideways with a slight upside bias, it is expected to extend higher in the week ahead.

The New Zealand Dollar to US Dollar has stalled at a key trendline at 0.7300 and now analysts see the pair rotating and falling as the New Zealand Dollar (Kiwi) loses ground due to a negative fundamental backdrop.

The New Zealand Dollar has been one of the strongest G10 currencies over recent years but its days as top dog may be numbered.

There is a possibility GBP/NZD will continue higher towards the 1.8000 target, which would gain confirmation from a break above the 1.7915 level.

The Pound has pushed higher against the New Zealand Dollar as easing UK political risks supported sterling after Theresa May’s government returned to office.