Pound to New Zealand Dollar Forecast and Live Exchange Rate

Updated 29 October 2026

What's Driving GBP/NZD

By Gary Howes, Editor

• 🇳🇿 Pound Sterling Live forecasts GBP/NZD holding its break to the highest since 2015, with the RBNZ's surprise hold removing the rate support NZD had been bought for
• GBP/NZD broke above its October triple top on 28 October as NZD slumped across the board
• RBNZ voted 4-3 on 28 October to hold its Official Cash Rate at 2.75%, when markets had priced a hike to 3.00% as close to certain
• ASB: the RBNZ delivered a massive dovish surprise, downplaying upside inflation risks while emphasising spare capacity
• Kiwibank: market pricing for the OCR to reach 4% needs to be unwound, with even the Committee's hawks looking only for around 3.2%
• Standard Chartered: the 4-3 vote is less dovish than the headline, with all seven members agreeing further tightening is likely, deferring rather than ending the hiking cycle
• ANZ: three RBNZ hikes expected, in December, February and March, taking the OCR to 3.50%
• Chancellor John Healey's Budget passed quietly on 28 October, leaving the Bank of England's 5 November decision the next GBP catalyst
• 📊 GBP/NZD's former triple top at 2.3668 has turned to support, with the rising 21-day average at 2.3573 and 2.3544 beneath
• The 28 October peak at 2.3833 is the next GBP/NZD objective while the old ceiling holds
• 🔭 Pound Sterling Live's medium-term forecast is for GBP/NZD's uptrend to extend to fresh multi-year highs, with only a daily close beneath the rising 100-day average at 2.3223 changing the call

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