The Pound is trading higher against the New Zealand Dollar after it followed through strongly to the upside after initially breaking out from its narrow triangulating range.
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The Pound to New Zealand Dollar exchange rate might be about to form a base and draw a line under its long-term downtrend.
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Sterling is breaking out higher against the New Zealand Dollar (Kiwi) at the start of the new trading week.
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The New Zealand Dollar (Kiwi) is expected to trade fairly solidly in 2017 as the Trade Balance re-rights itself and possibly moves back into positive territory.
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GBP/NZD weakened on Wednesday after the triggering of Article 50 led to a sudden depreciation of the Pound.
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From a technical perspective, the New Zealand Dollar looks more likely to strengthen against the Pound than the other way around despite the Pound’s recent short-term recovery rally.
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The Reserve Bank of New Zealand left interest rates unchanged at 1.75% at their March 23 meeting - what are the implications for NZD of what was said in the minutes released following the meeting? …
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