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NZD currency update: GBP/NZD soars after May calls for election

Joe Mayhew Senior Currency Broker - NZD currency update: GBP/NZD soars after May calls for election Written by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

GBP/NZD soared yesterday on the news that Theresa May had called for a snap election on June the 8th.

GBP/NZD moved by four cents on the news; rising from 1.78 to over 1.82.

Overnight there was the publication of the GDT Price Index; however, this had little effect on Kiwi pairs.

GBP/NZD currently sits at 1.8265 and EUR/NZD at 1.5270 mid-market and tonight we have Consumer Price Index readings from New Zealand.

GBP/NZD exchange rate graph

GBP/NZD exchange rate graph

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Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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