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
GBPNZD sees follow-through upside Thursday, 2023 highs at 2.0400 in contention.
May 25,2023
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