Official data confirms the New Zealand economy entered recession at the turn of the year but the New Zealand Dollar remains well supported in the short term thanks to positive global investor sentiment.

June 15,2023

GBPNZD has unwound overbought conditions, but momentum remains positive on most timeframes. Watch NZ current account and GDP data this week, UK jobs and GDP data also pose key risks.

June 12,2023

BNZ expects confirmation next week that the New Zealand economy has entered a recession.

June 9,2023

The New Zealand Dollar has pared away some of its late May losses and could further undermine the bullish trend in GBP/NZD if the Kiwi economy comes across as more resilient than its UK counterpart over the coming week but there are also numerous risks that could yet sustain Sterling near its recent highs.

June 7,2023

GBPNZD was overbought, consolidation likely, multi-week GBP upside still preferred.

June 5,2023

NZD strength is predicted near-term but NZ faces "day of reckoning" as current account and budget deficits linger.

June 1,2023

 

The Pound to New Zealand Dollar exchange rate extended its recent rally to some of its highest levels since the onset of the pandemic this week but the risk of a correction has risen alongside Sterling while the scope for a setback might only be likely to grow further in the days and weeks ahead.

May 31,2023

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