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Currency News - NZD

GBP/NZD Slips from Best Levels after Brexit Boost

Written by Joe Mayhew on Monday, December 4, 2017. Currency News - Sterling / NZD

Last week’s high: NZ$1.9837 Last week’s low: NZ$1.9091 Irish Border Uncertainties Knock Pound from Highs The Pound to New Zealand Dollar exchange rate slipped from its best levels all year on Friday, as Pound investors became anxious that the UK and EU may not reach an agreement on how to handle the border between Ireland…(read more)

GBP/NZD Tumbles to Fortnightly Low

Written by Joe Mayhew on Wednesday, November 29, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9249 Yesterday’s low: NZ$1.9091 Pound Tumbles on Brexit Obstacles The Pound to New Zealand Dollar exchange rate extended losses on Tuesday. Sterling struggled to hold its ground amid concerns about disagreements on Irish border, but did recover losses later in the day. While the EU has given Britain a 4th December deadline to…(read more)

GBP/NZD Rate remains Vulnerable to BoE Credit Update

Written by Joe Mayhew on Tuesday, November 28, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9433 Yesterday’s low: NZ$1.9300 Higher Risk Sentiment Results in GBP/NZD Losses Yesterday saw the Pound get off to a poor start against the New Zealand Dollar. The GBP/NZD exchange rate declined throughout the day. UK news was thin on the ground, with the announcement of a national industrial strategy receiving a cautious welcome….(read more)

GBP/NZD Jumps as BoE Policy Maker Hints at Possible Rate Hike

Written by Joe Mayhew on Monday, November 27, 2017. Currency News - Sterling / NZD

Friday’s high: NZ$1.9405 Friday’s low: NZ$1.9282 Pound Strengthened by Tenreyro Comments The Pound New Zealand Dollar exchange rate ended the session close to the week’s opening levels on Friday following some surprisingly hawkish comments from a Bank of England (BoE) policymaker. Sterling sentiment ticked higher on Friday morning as Silvana Tenreyro suggested that Brexit did…(read more)

GBP/NZD could Struggle on BoE Stability Report

Written by Joe Mayhew on Friday, November 24, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9402 Yesterday’s low: NZ$1.9267 GBP/NZD Rate Tumbled on Budget Dissection The Autumn Statement came under fire yesterday, leaving GBP exchange rates fluctuating. The Pound ended up falling by -0.4% against the New Zealand Dollar, while seeing greater losses against its other regular peers. Key issues included the estimate that the UK wage squeeze…(read more)

NZD Stronger after Retail Sales Report

Written by Joe Mayhew on Thursday, November 23, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9419 Yesterday’s low: NZ$1.9341 Pound Unable to Advance against New Zealand Dollar Despite Tuesday’s disappointing Global Dairy Trade (GDT) auction news, the New Zealand Dollar has performed well against the Pound in recent sessions. On Wednesday, GBP/NZD continued to trend close to the week’s opening levels. The Pound outlook was little changed by…(read more)

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)

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