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Currency News - NZD

Pound to New Zealand Dollar Dragged Lower by Underwhelming UK Retail Data

Written by Joe Mayhew on Monday, February 19, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9137 Last week’s low: NZ$1.8943 GBP/NZD Trends near February Lows Amid underwhelming UK data and stronger market demand for risk-correlated currencies, the Pound to New Zealand Dollar exchange rate trended lower last week. Friday’s UK retail sales results from January fell short of expectations in all prints. The month-on-month figure was forecast…(read more)

GBP/NZD Plummets on Brexit Warning

Written by Joe Mayhew on Monday, February 12, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9447 Last week’s low: NZ$1.8973 Upbeat Employment Figures Also Bolster NZD The Pound New Zealand Dollar exchange rate jumped higher at the start of last week’s session as the ‘Kiwi’ was bolstered by an uptick in both dairy prices and employment figures, with the domestic jobless rate tumbling to a decade low…(read more)

Pound Gains Vs New Zealand Dollar Limited on UK Economic Uncertainties

Written by Joe Mayhew on Monday, February 5, 2018. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9395 Yesterday’s low: NZ$1.9095 GBP/NZD Fails to Hold Highs as UK Data Disappoints The Pound advanced against the New Zealand Dollar last week amid speculation that the Bank of England (BoE) could be preparing to tighten UK monetary policy more than expected in 2018. However, GBP/NZD gains were limited towards the end of…(read more)

GBP/NZD Rate Turbulence Possible on UK Confidence Data

Written by Joe Mayhew on Monday, January 29, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9447 Last week’s low: NZ$1.9012   Pound Bolstered by Average Earnings Growth The Pound rose against the New Zealand Dollar over the previous week, thanks to increasing optimism following positive UK data. The main indicator driving this optimism was an unexpected rise in average earnings in November. This raised hopes that the…(read more)

GBP/NZD Volatility Ahead on UK Wage and NZ Inflation Data

Written by Joe Mayhew on Monday, January 22, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9081 Last week’s low: NZ$1.8852 GBP/NZD Exchange Rate Ends Week Higher Despite Inflation and Sales Slowdown The Pound advanced against the New Zealand Dollar last week despite some disappointing UK data. Sterling was shaken when inflation reportedly slowed and retail sales were worse than expected, but hints from a Bank of England…(read more)

Food Price Contraction Fails to End New Zealand Dollar Gains

Written by Alastair Archbold on Tuesday, January 16, 2018. Currency News - Sterling / NZD

Pound News: Sterling Loses Momentum Ahead of Inflation Data Demand for the Pound (GBP) was somewhat limited even in the wake of an uptick in the Rightmove house price index. Although this pointed towards some degree of strength within the UK housing market this was not enough to boost GBP exchange rates, with investors taking…(read more)

GBP/NZD Tumbles as UK Trade Figures Disappoint

Written by Joe Mayhew on Monday, January 15, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.8940 Last week’s low: NZ$1.86291 NZD Exchange Rates Fluctuate in Response to US Inflation Data The Pound New Zealand Dollar exchange rate approached a three-month low last week as markets reacted to some disappointing trade data from the UK. Figures published by the ONS revealed that the UK’s trade deficit ballooned to…(read more)

New Zealand Dollar Edges Higher after Sharp New Year Slump

Written by Joe Mayhew on Monday, January 8, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9214 Last week’s low: NZ$1.8907 GBP/NZD Slumps from Two-Week High as FOMC Minutes Boost New Zealand Dollar The GBP/NZD exchange rate was making sharp gains at the beginning of this week, despite disappointing UK PMIs and a strong rise in dairy prices at the latest Global Diary Trade auction, which should have…(read more)

New Zealand Dollar Benefits from NZ Finance Minister Comments

Written by Joe Mayhew on Monday, December 18, 2017. Currency News - Sterling / NZD

Last week’s high: NZ$1.9580 Last week’s low: NZ$1.8975 GBP/NZD Plunges on Renewed Brexit Anxiety The Pound to New Zealand Dollar exchange rate spent most of last week tumbling, as UK data failed to boost Sterling demand while the ‘Kiwi’ benefitted from higher risk-sentiment and domestic news. While the latest UK ecostats were relatively impressive, Brexit…(read more)

GBP/NZD Trading Lower after RBNZ News

Written by Joe Mayhew on Tuesday, December 12, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9767 Yesterday’s low: NZ$1.9377 New Zealand Dollar Soars as the RBNZ gets a New Governor Brexit news kept the Pound to New Zealand Dollar exchange rate on its toes last week, while an absence of influential data for New Zealand meant that the South Pacific currency was mostly reacting to global economic developments…(read more)

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