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Currency News - NZD

Pound to New Zealand Dollar Outlook: UK’s Budget Looms

Written by Joe Mayhew on Wednesday, November 22, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9512 Yesterday’s low: NZ$1.9359 GBP/NZD Declines on Disappointing Borrowing Stats The Pound failed to rise against a resilient New Zealand Dollar yesterday, seeing a -0.5% drop despite negative NZ news. Sterling was dragged down by UK domestic data, which showed a greater-than-expected expansion of the borrowing deficit in October. New Zealand Dollar traders…(read more)

GBP/NZD Remains Strong on Brexit Hopes

Written by Joe Mayhew on Tuesday, November 21, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9445 Yesterday’s low: NZ$1.9319 Pound Advances on Brexit and Budget Hopes Despite poor UK data for most of last week, reduced demand for risk-correlated currencies made it easy for the Pound to New Zealand Dollar exchange rate to advance. The pair was able to hold most of last week’s gains on Monday as…(read more)

GBP/NZD Strengthened by USD Sell-Off

Written by Joe Mayhew on Monday, November 20, 2017. Currency News - Sterling / NZD

Friday’s high: NZ$1.9536 Friday’s low: NZ$1.9233 Varadkar Threats Pressure Pound (GBP) The Pound New Zealand Dollar (GBP/NZD) exchange rate struck its highest levels since the Brexit referendum at the tail end of last week’s session as investors flocked to Sterling as they abandoned the US Dollar is light of political developments in Washington. Sterling failed…(read more)

New Zealand Dollar Softens on Manufacturing PMI

Written by Joe Mayhew on Friday, November 17, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9304 Yesterday’s low: NZ$1.9156 GBP/NZD Strikes Two-Week High as UK Retail Sales Rebound The Pound’s rally against the New Zealand Dollar continued on Thursday as the pairing was lifted by the UK’s latest retail sales figures as sales growth rebounded from -0.6% to 0.1% in October. Sterling’s gains were also supported by accompanying…(read more)

GBP/NZD Fluctuates Following Lacklustre Wage Stats

Written by Joe Mayhew on Thursday, November 16, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9188 Yesterday’s low: NZ$1.9033 Pound Punished by Weak Wage Growth The Pound initially slumped against the New Zealand Dollar on Wednesday on the back of the UK’s latest employment data as it showed that wage growth continued to lag behind inflation in September Markets fear that the growing gap between wages and inflation…(read more)

GBP/NZD Rally Cut Short by UK Inflation Data

Written by Joe Mayhew on Wednesday, November 15, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9162 Yesterday’s low: NZ$1.9012 Pound Tumbles as Inflation Squeeze Continues The Pound’s rally against the New Zealand Dollar overnight on Monday came to a swift end yesterday morning following the release of the UK’s latest inflation data. Figures released by the ONS revealed that inflation held at a five-year high in October, adding…(read more)

GBP/NZD Nosedives as Political Worries Weigh on Pound

Written by Joe Mayhew on Tuesday, November 14, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9024 Yesterday’s low: NZ$1.8881 Pound Pressured as Investors Fear for Future of Theresa May The Pound plummeted by over a cent against the New Zealand Dollar at the start of this week’s session as Sterling sentiment was soured by a report that up to 40 MPs are plotting a leadership challenge against the…(read more)

GBP/NZD Rallies as UK Trade Figures Impress

Written by Joe Mayhew on Monday, November 13, 2017. Currency News - Sterling / NZD

Friday’s high: $1.9030 Friday’s low: $1.8892 Upbeat Growth Estimate Strengthens Pound The Pound rallied by almost a cent against the New Zealand Dollar at the end of last week’s session as investors welcomed some upbeat trade figures from the UK, with data released from the ONS showing that Britain’s trade deficit narrowed from £3.46bn to…(read more)

Volatility for GBP/NZD with Markets Unsettled by UK Political Uncertainty

Written by Joe Mayhew on Friday, November 10, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.8894 Yesterday’s low: NZ$1.8782 Sterling Sentiment Slips as Political Instability Raises Brexit Concerns Sterling registered further losses against the New Zealand Dollar yesterday morning as markets feared that the recent political scandals that claimed two of Theresa May’s cabinet would weaken the UK’s position in Brexit negotiations, which resumed on Thursday. Investors were…(read more)

GBP/NZD Nosedives as Major US Banks Issue Brexit Warning

Written by Joe Mayhew on Thursday, November 9, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9093 Yesterday’s low: NZ$1.8864 Pound Weakened as Banks Prepare to Move Staff out of London Sterling fell sharply against the New Zealand Dollar on Wednesday as investors reacted to a report that many major US financial institutions had meet with US commerce secretary Wilbur Ross last week to warn the slow progress of…(read more)

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