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Currency News - NZD

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)

New Zealand Dollar Slips as Dairy Prices Plummet

Written by Joe Mayhew on Wednesday, November 8, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9028 Yesterday’s low: NZ$1.8935 Kiwi Weakened by Sharp Fall in Dairy Prices The New Zealand Dollar tumbled against the majority of its peers yesterday afternoon as prices fell sharply at the latest global dairy auction. With dairy products accounting for around 20% of New Zealand’s exports, the 3.5% drop in prices was major…(read more)

New Zealand Dollar Tumbles as Inflation Expectations Slip

Written by Laura Parsons on Tuesday, November 7, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9043 Yesterday’s low: NZ$1.8910 Kiwi Weakened by Dip in Business Inflation Expectations The New Zealand Dollar fell against the majority it’s of its peers yesterday as firms in New Zealand dialled back their two-year inflation expectations from 2.1% to 2% in the fourth quarter. Economists suggest that this is likely to cause the…(read more)

GBP/NZD Still Down after BoE Rate Decision

Written by Joe Mayhew on Monday, November 6, 2017. Currency News - Sterling / NZD

Friday’s high: $1.8936 Friday’s low: $1.8807 Upbeat Services PMI Not Enough to Recoup Losses The Pound ended last week’s session notably lower against the New Zealand Dollar, with the UK currency unable to recover from Thursday’s Bank of England related slump despite a surprisingly strong UK Services PMI. Sterling losses in the second half of…(read more)

NZD Recovers Losses vs. Pound

Written by Joe Mayhew on Friday, November 3, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9245 Yesterday’s low: NZ$1.8913 Sterling Tumbles as Rate Hike Set to be One-Off The Pound went into freefall against the New Zealand Dollar on Thursday, despite the Bank of England (BoE) voting to raise interest rates for the first time in over a decade following its November policy meeting. The decline was largely…(read more)

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