Pound Sterling remains under pressure against the New Zealand Dollar short-term with the pair quoted at 1.9497 at the start of the new week, ensuring the pair nurses a 4% loss for the past month of trading. Our studies suggest the NZD should remain favoured over the GBP.

GBP/NZD recovers after steep sell-off and a continuation of a breakout move remains viable. The NZD will eye a dairy price update this week for guidance.

We have seen a momentous technical change in the trend of the Pound-to-New Zealand Dollar exchange rate after it finally broke out of the narrow range it had been trapped in since November last year.

GBP/NZD has now broken out of a tight range between 1.85 and 1.98 which it was trapped in since November 2017.

GBP/NZD gets a boost from progress on Brexit deal and poor NZD confidence data and the pair now back above 1.95 but still trapped in range. The main release for the Pound is PMI whilst for NZD diary prices could figure highly.

From a technical perspective the exchange rate is trading in a range, resembling a triangle pattern and although it has been directionless for several months now, a volatile period is promised fairly soon.

GBP/NZD potentially completing a triangle pattern which will probably breakout soon but there is uncertainty as to whether the break will be higher or lower.

GBP/NZD is oscillating within a narrow range in a week when there is plenty of potential for volatility with the pair having formed a compelling triangle pattern which will probably breakout soon. Fundamentally speaking, the RBNZ rate meeting poses the biggest risk.

The Pound-NZ Dollar is falling within a triangle pattern in a final wave-e down, after completion of this wave the pair will probably break out in a volatile move. The main event for the Pound is the Bank of England meeting; whilst for the New Zealand Dollar it's labour data.

The GBP/NZD exchange rate may be forming a triangle pattern which could lead to a breakout higher. Sterling is expected to be dominated by Brexit news this week whilst CPI data is expected to be the main release for NZD.

GBP/NZD seen to be in a short-term uptrend that can extend as ANZ say New Zealand has hit peak growth which should constrain NZD upside while JP Morgan strategists say now is time to go 'short' on NZD

GBP/NZD seen going higher near-term but lower as medium-term downtrend reasserts suggest technical studies. Fundamentally, the RBNZ forms central domestic focus for NZD action this week while GBP will focus on outcome of key EU summit on Friday.

GBP/NZD's recent shallow recovery fails to inspire a change in the technical outlook but a hefty fundamental calendar could shake this market.

The New Zealand Dollar starts the new week on the front foot against Pound Sterling but overall global risk sentiment and the outcome of UK services PMI will set the tone for the rest of the week.

The week ahead for GBP/NZD, including forecasts, analysts views, technical analysis and outlook for the economic calendar.

The week ahead for GBP/NZD, including forecasts, analysts views, technical analysis and outlook for the economic calendar.

While Sterling has come off its 2018 highs against the NZ Dollar we don't see any danger of the exchange rate slipping into a sizeable downtrend at this stage. Watch wage numbers out of the UK this week as well as the first budget from New Zealand's Labour-NZ First government.

Exchange rate forecasts, economic data, events, and analysts' views for the GBP/NZD pair in the week ahead.

GBP/NZD has weakened substantially after UK growth data disappointed to the downside but broad outlook for the Kiwi pair remains neutral overall.

For GBP/NZD the overall multi-week trend is up and there is little reason at this point to expect the British Pound to come under sustained pressure. Watch New Zealand and UK inflation releases for guidance this week.