New Zealand Dollar a "Laggard" but Can Perform Against US Dollar, Pound say Societe Generale

The New Zealand Dollar is set to be the "laggard" of the developed world currency basket in the second half of 2018, according to forecasts from Societe Generale, although it can still rise against the US Dollar and hold its own in the face of a recovering Pound Sterling. 

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

GBP/NZD tipped to rise as Brexit risk unwinds and undervalued Pound catches up.

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 GBP/NZD exchange rate has broken below a key technical level, which could open the door to fresh declines.

The New Zealand Dollar rose broadly Wednesday after market tensions over European politics eased but the latest Reserve Bank of New Zealand financial stability report suggests the Kiwi may remain a laggard on the currency market for a while to come. 

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

The New Zealand Dollar slipped Friday as traders' appetite for risk faltered across the globe, drawing a close to what has been a volatile week for the currency, although strategists at Commonwealth Bank of Australia have forecast the Kiwi will rise steadily during the weeks ahead.