| Pound Sterling-New Zealand Dollar Exchange Rate: |
1.9916 (0.22%) 
|
| New Zealand Dollar-Pound Sterling Exchange Rate: |
0.5021
|
The New Zealand Dollar got the better of all major rivals including Pound Sterling Friday after final quarter inflation figures surprised on the upside and prompted investors to further reduce bets that the Reserve Bank of New Zealand (RBNZ) will…
| Live GBP/NZD Exchange Rate: | 1.9916 |
| Daily Change: | 0.2159% |
| Opening Rate: | 1.9865 |
| Today's Low: | 1.9828 |
| Today's High: | 1.9971 |
| Low of the Past Year: | 1.8278 (31-07-2019) |
| High of the Past Year : | 2.0412 (14-12-2019) |
The New Zealand Dollar got the better of all major rivals including Pound Sterling Friday after final quarter inflation figures surprised on the upside and prompted investors to further reduce bets that the Reserve Bank of New Zealand (RBNZ) will cut interest rates again this year.
The Pound-to-New Zealand Dollar exchange rate continues to edge lower in a well-defined range that is likely to remain entrenched for some time to come, providing some stability and certainty to those watching this market for the purpose of international payments. However, inflation data out of New Zealand and flash PMIs out of the UK could well shake the market into life this week.
The New Zealand Dollar outperformed all major rivals including Pound Sterling on Thursday and if recent developments at the two respective central banks are anything to go by, it could continue getting the better of its British counterpart for a while yet.
New Zealand Dollar forecasts for have been lifted at MUFG for 2020 after Kiwi rose by a near-double digit percentage in the final quarter of last year, although analysts at some other firms have told clients the antipodean unit is at risk of a downward correction in the weeks ahead.
The New Zealand Dollar was on its back foot Thursday but is being tipped to rise against the U.S. Dollar in the months ahead as the global growth outlook stabilises and an uptick in the Kiwi economy enables the Reserve Bank of New Zealand (RBNZ) to avoid further interest rate cuts in the first half of 2020.
There is a distinct possibility that GBP/NZD does in fact go lower as foreign exchange markets engage in 'buy the rumour, sell the fact' behaviour on the election result.
The New Zealand Dollar ceded ground to all major rivals Thursday even after a long-awaited Reserve Bank of New Zealand (RBNZ) decision on new regulatory capital requirements came out on the softer side of expectations.
The downtrend in GBP/NZD has seen the psychologically significant level of 2.0 broken, and the prospect for further losses is elevated.
