GBPNZD looks comfortably supported, upside can extend short-term.

October 16,2023

The Reserve Bank of New Zealand (RBNZ) won't have the luxury of cutting interest rates for some time yet with economists pointing out that record immigration levels will require added vigilance from the central bank.

October 11,2023

GBPNZD can continue to stay supported above the 2.0275 level over the coming days as a 'relief' rally looks to extend further, however, data out of China could boost the Kiwi if it confirms a pickup in activity is underway.

October 9,2023

New Zealand's impending election might have been a significant contributor to the Reserve Bank of New Zealand's announcement that interest rates were to remain at 5.5%, a decision that has implications for the value of the NZD.

October 5,2023

The New Zealand Dollar is the currency world's laggard in midweek trade after the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 5.5% and offered no fresh clues that it might raise interest rates again.

October 4,2023

Pound Sterling is now impressively oversold against the New Zealand Dollar and we continue to look for a correction, but an important meeting of the Reserve Bank of New Zealand risks spurring the GBP/NZD exchange rate through the 2.0% if a 'hawkish' tone is struck.

October 2,2023

GBPNZD can consolidate following a period of losses that have left it deeply oversold.

September 25,2023

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