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The Pound to New Zealand Dollar exchange rate has remained close to the middle of its July range in recent trade but while it could be likely to trade an even narrower 2.0634 to 2.0761 band in the days ahead, the balance of risks might be likely to shift from the upside to the downside of these levels as the week draws to a close.
July 26,2023
The Pound to New Zealand Dollar exchange rate drooped further from recent highs in midweek trade after Kiwi inflation converged with Reserve Bank of New Zealand (RBNZ) forecasts and UK inflation underwhelmed the economist consensus though there is reason for thinking GBP/NZD
July 19,2023
GBPNZD has been subject to a strong technical uptrend in 2023 and there is little evidence to suggest now is the time to bet on a meaningful reversal.
July 17,2023
GBPNZD rests near three-year highs, NZDUSD extends July rally, RBNZ guidance shows little rush to hike again.
July 12,2023
GBPNZD in a technical uptrend, 2023 highs can be retested and broken, but UK jobs report on Tuesday and RBNZ on Wednesday are risks.
July 10,2023
The Pound to New Zealand Dollar exchange rate was little changed near seven-day lows in the penultimate session of the week and appeared comfortable within its recent range spanning the gap between roughly 2.04 and 2.09 even as some global market correlations were turned on their heads.
July 7,2023
Analysis from Capital Economics shows the New Zealand Dollar is likely to struggle as the Reserve Bank of New Zealand will likely lead the next interest rate-cutting cycle, a development that is potentially not too far given fresh warnings from a domestic bank that the economy faces a double-dip recession.
July 5,2023
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