British Pound/New Zealand Dollar (GBP/NZD) Exchange Rate
GBP/NZD Pivot Points
GBP/NZD Latest Updates
New Zealand implemented one of the most severe lockdown measures, which was successful in combating the Covid-19 outbreak.
Despite the misplaced optimism, the economy is more diverse than that of New Zealand, resulting in a mild bullish bias for the GBP/NZD.
Chinese PMI data showed an unexpected expansion in March on the back of a spike in production for medical supplies.
More governments realize that Covid-19 has placed the global economy on track to a recession.
After the Reserve Bank of New Zealand maintained its interest rate at 1.00%, noting that the economic damage from the coronavirus remains does not justify an adjustment
The British pound has exploded to the upside during the last week of the month, as January ended up being very bullish.
Brexit is less than 72 hours away, and while opinions on the long-term impact differ, the British Pound is advancing.
Bullish momentum in the GBP/NZD is gathering strength after price action bounced off of the top range of its support zone.
After this currency pair was able to eclipse its support zone, bullish momentum faded as a result of the US killing attack on Iraqi soil to kill a top Iranian general.
After UK Prime Minister announced plans to make an extension of the Brexit transition period past December 31st 2020 illegal, the British Pound entered a sharp sell-off.
The British pound has had a productive week, breaking towards the upside quite significantly, slicing above the top of the overall consolidation that we had been in for a couple of months.
The British pound has rallied a bit over the last 30 days as October was very kind to Sterling.
The British Pound is likely to face more downside pressure as Brexit uncertainty and political turmoil will cause more profit taking.
Upside in the GBP/NZD has been exhausted as bulls have pushed this currency pair close to the 2.00000 level.
Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of February 10, 2019 here.
The British pound has been the shooting much higher against many other currencies around the world as there seems to be a delay in the Brexit coming.
The British pound has broken down during the course of the month of November as the British pound continues to struggle.
During the day on Wednesday, we went back and forth during the course of the session on Wednesday, as the market should continue to see quite a bit of bearish pressure on the British pound in general.
The GBP/NZD pair fell during the bulk of the session on Tuesday, but as you can see found plenty of support at the 2.00000 handle. With that being the case, the market looks as if the buyers are stepping in and that the “2” level is in fact one that the buyers are willing to support.
The Kiwi is at its strongest level ever against the British Pound. This comes as a result of a relatively constant and steady increase in value in the Kiwi Currency combined with a faltering Pound...and now takes us into completely uncharted territory just like Captain Kirk & Jean-Luc Picard.