GBP to NZD

GBP/NZD has risen as the New Zealand Dollar loses its top spot in the G10 constellation in terms of interest rates advantage.

The GBP/NZD pair is soaring after the success of Donald Trump increased global interest rate expectations, whilst the Reserve Bank of New Zealand (RBNZ) eased monetary policy.

The New Zealand dollar is one of the out-performers at the start of the new week owing to domestic prices rising faster than expected.

The pound to New Zealand Dollar remains in a solid down-trend in the medium term.

The New Zealand dollar continues to be 'leader of the FX pack', as it matches the February lows versus sterling and pushes higher against other counterparts, especially the dollar. 

The pound may renew its fall versus the New Zealand dollar as the New Zealand economy remains fundamentally sound and Brexit fears remain a ball and chain holding back sterling.