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The GBP/NZD exchange rate is trading at around 1.9109 at the start of the new week, after falling over a percentage point in the week before. Studies of the charts suggest that the exchange rate is set to fall marginally before plateauing in the next five days.
June 9,2019
The New Zealand Dollar was riding high at the top of the G10 league table Wednesday after depute Reserve Bank of New Zealand (RBNZ) governor Christian Hawkesby said that Kiwi interest rates are likely to remain at current levels for the foreseeable future.
June 5,2019
The New Zealand Dollar has received a pasting this year but its fortune could now be turning for the better because, even with the market fearing another interest rate cut, analysts are forecasting a recovery and telling their clients to buy the currency.
June 4,2019
The Pound-to-New-Zealand-Dollar rate was trading around 1.9310 at the start of the new week, about a cent lower from the previous close, but studies of the charts suggest the exchange rate is set to continue its downtrend in the days ahead.
June 3,2019
The New Zealand Dollar was weaker on Wednesday after the May Australia & New Zealand Banking Group (ANZ) business confidence survey and latest Reserve Bank of New Zealand (RBNZ) financial stability report served markets with a reminder of the challenges ahead for the Kiwi currency.
May 29,2019
The Kiwi Dollar advanced against rivals early in the new week but the going could become tougher from Tuesday onward if the Reserve Bank of New Zealand (RBNZ) financial stability report augurs fresh speculation of further interest rate cuts to come, and if U.S.-China trade tensions flare up again.
May 28,2019
From a technical outlook perspective, GBP/NZD is now in an established downtrend which started at the beginning of May. Given the old adage that the ‘trend is your friend,’ this downtrend is seen as biased to continue.
May 27,2019
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