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Curiously, the GBP/NZD did not dip below 2.0, suggesting that this 'line in the sand' remains a formidable one. Indeed, at the time of writing the market is back to 2.0092 and there appears little on the calendar for either NZD or GBP that would prompt a sizeable move over coming hours.
February 13,2020
The Pound was pushed further back from post-referendum highs Wednesday as the New Zealand Dollar strengthened broadly after the Reserve Bank of New Zealand (RBNZ) shifted into a ‘neutral’ interest rate policy stance.
February 12,2020
The British Pound is likely to see its upside potential capped against the New Zealand Dollar over coming days amidst the market's evolving belief that upcoming EU-UK trade negotiations will be tense and that the coronavirus outbreak is fading in severity.
February 10,2020
There has been a notable increase in inflation expectations in New Zealand in early 2020, a supportive development for the New Zealand Dollar as it could mean the Reserve Bank of New Zealand (RBNZ) resists cutting interest rates any further.
February 7,2020
The New Zealand Dollar underperformed Wednesday even as a surprise fall in unemployment lifted market-implied cash rates for the Reserve Bank of New Zealand (RBNZ) throughout the 2020 year, enabling the Pound-to-New-Zealand Dollar rate to remain supported close to its post-referendum high.
February 5,2020
The Pound risks a downward correction against the New Zealand Dollar in the coming days as British government bond yields realign with their falling global counterparts and, according to strategists at Westpac, as the Reserve Bank of New Zealand (RBNZ) shifts into a "neutral" gear.
January 31,2020
The New Zealand Dollar is trending lower against the Pound and other major global currencies, with analysts saying much of the recent weakness in NZD lies with the market's cautious sentiment stemming from the neo coronavirus outbreak in China and that this trend could continue in the short-term.
January 29,2020
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