The New Zealand dollar (NZD) is expected to remain under pressure in the near term, with analysts at ANZ Research maintaining a mid-year target of 0.55 against the U.S. dollar.
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The Pound has reached its highest level since December 2015, but now looks prone to a pull back in order to correct from overbought conditions.
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The British Pound is consolidating against the New Zealand Dollar as markets await fresh data and developments.
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The New Zealand Dollar strengthened after the Reserve Bank of New Zealand (RBNZ) appeared to have performed a final 50 basis point interest rate cut.
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GBPNZD is forecast to push higher in a week that will see the Reserve Bank of New Zealand (RBNZ) cut interest rates and the UK deliver inflation data.
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The New Zealand Dollar must deflate to mitigate the impact of the evolving global trade war.
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The Pound's recent pullback against the New Zealand Dollar is fading and a rebound is possible in the coming five days if a small technical obstacle can be overcome.
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