The Pound to New Zealand Dollar exchange rate was ridden down to the lowlands of its May range last week but could get an opportunity rally back above the 2.0 level in the days ahead if either UK economic data is obliging, or if the Reserve Bank of New Zealand (RBNZ) stays April's interest rate course.
May 22,2023
New Zealand's recent budget announcement has not only unveiled significant fiscal measures but also carries implications for the Reserve Bank of New Zealand (RBNZ) and the country's economic outlook, including the potential impact on interest rate hikes.
May 18,2023
The Pound to New Zealand Dollar rate could be volatile around the 2.0 level in the days ahead and vulnerable in the weeks thereafter as China's Renminbi migrates along a southbound highway in response to growing concerns in the market about the outlook for the world's second-largest economy.
May 17,2023
GBP/NZD is trading back at the psychologically important 2.0 level at the start of a new week which could see the Kiwi currency resume some of its 2023 underperformance.
May 15,2023
GBPNZD has recovered the psychologically significant 2.0 level ahead of the weekend but peaking Bank of England rate hike expectations and a slowing economic data pulse could mean fresh 2023 highs are out of reach in the near term.
May 12,2023
The Pound to New Zealand Dollar exchange rate has receded from this year's highs in recently toppy trade and could remain choppy around the nearby 2.0 level through the remainder of the week without a potentially unlikely dovish surprise from the Bank of England (BoE) on Thursday.
May 10,2023
The New Zealand Dollar rose broadly in the midweek session as rising dairy prices and a resilient labour market appeared to weigh on GBP/NZD but the Kiwi's gains could be limited and short-lived if some economists are right in their interpretations of the data.
May 3,2023
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