Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

NZD Update: Earnings figures drop kiwi/pound cross

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 dropped by a cent yesterday after the UK published weaker than anticipated Average Earnings figures.

These dropped to 2.6% from 2.7% and reinforced the notion that, post-Brexit, we could see a rise in prices without a corresponding rise in wages.  There were no Kiwi announcements issued overnight; however, this didn’t stop EUR/NZD falling to near 1.47. Tonight from New Zealand we have Business PMI figures and Retail Sales data due to be published.

If you don’t have an account here at Foremost Currency Group click here to register for a free trading facility today.

To keep up to date with the New Zealand dollar, visit our NZD blog section on our website here.

To keep up to date with all our currency news, visit our Currency News section on our website here.

Joe Mayhew
Senior Currency Broker
T: 01442 892 060

© Copyright 2013 to 2017 | Foremost Currency Group Ltd | All rights reserved