After falling for months the pound-to-kiwi exchange rate may be finding its legs, and tentative signs of reversal – both technical and fundamental - are catching analyst’s attention.
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Fundamentalists see the outlook for the New-Zealand Dollar as clouded by uncertainty and risk; technicians see it as having reached an important cross-roads.
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The New-Zealand dollar remains well bid against sterling, despite the RBNZ’s ongoing battle to weaken it, We take a technical tour of the pair to decide how much lower it can go.
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The New-Zealand dollar rallied despite an RBNZ interest rate cut.
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The NZ dollar has been in charge against pound sterling since mid-September, but is the exchange rate’s valuation now defying gravity?
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GBP/NZD has broken above a key level in the run up to the RBNZ rate meeting on Wednesday, a further bullish move which is in line with the consensus forecasts that the kiwi dollar could deprec…
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