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NZD currency update: Weaker than estimated inflation readings from the UK

Joe Mayhew Senior Currency Broker - NZD currency update: Weaker than estimated inflation readings from the UK Written by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

GBP/NZD remained within a one point range yesterday; moving between 1.7350 and 1.7450.

The Kiwi initially gained strength on the pound after weaker than estimated inflation readings from the UK.

Whilst this initially muted the pound’s recent run sterling did make a modest recovery against its counterparts throughout the afternoon.

There were no announcements from New Zealand overnight; however, tonight from New Zealand we have their Business PMI reading.

EUR/NZD currently sits just over 1.47 mid-market.

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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