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The main event for the GBP/NZD pair in the coming week is the Reserve Bank of New Zealand’s (RBNZ’s) rate meeting, ending on Wednesday, with most analyst’s expecting a cut of 0.25% in interest rates and a temporary depreciation in the New Zealand dollar (kiwi).
August 8,2016
Although the pound has weakened versus the New Zealand dollar after the Bank of England’s (BOE) stimulus push, the charts and the fundamentals show the pair evenly balanced.
August 5,2016
The GBP/NZD pair is in a descending channel on the four-hour chat, which is expected to extend as the Bank of England prepares to launch a stimulus programme at its policy meeting on Thursday.
August 3,2016
More downside seen, as allure of New Zealand interest rates keeps the kiwi dollar well bid.
July 29,2016
The GBP/NZD pair (kiwi) rose over a tenth of a cent following the release of trade data which showed a slight loss of momentum in export growth.
July 26,2016
The GBP/NZD chart looks like it is forming a rising wedge pattern on the four-hour time-frame, which has bearish implications once it has finished.
July 21,2016
The pound to New Zealand dollar stalled after NZD possibly gained support from a 1.9% rise in Whole Milk Powder at the Global Dairy Trade auction on Tuesday.
July 20,2016
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