Category: NZD

GBP/USD Drops on Stronger Dollar, GBP/TRY Jumps on Politics, GBP/NZD Rises Despite Dairy Increase
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GBP/USD Drops on Stronger Dollar, GBP/TRY Jumps on Politics, GBP/NZD Rises Despite Dairy Increase

The Pound to US Dollar (GBP/USD) exchange rate sank on Thursday after US Advance Retail Sales printed positively and UK wages remained uninspiring. Meanwhile, the Pound jumped dramatically by over 2.0% against the Turkish Lira (GBP/TRY) as political developments unfolded and investors sold-off emerging market currencies; Sterling also made gains against the New Zealand Dollar...

GBP/NZD Climbs ahead of New Zealand Inflation, GBP/AUD in Tight Range Before Labour Data
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GBP/NZD Climbs ahead of New Zealand Inflation, GBP/AUD in Tight Range Before Labour Data

The Pound advanced against the New Zealand Dollar (GBP/NZD) on Tuesday while remained in a tight range against the Kiwi’s close counterpart, the Australian Dollar (GBP/AUD). Sterling’s strength has been continuing on the back of hopes of UK interest rate rises and data appearing in markets today showing the UK Unemployment rate his hit a...

Pound Exchange Rate Higher (GBP/EUR, GBP/AUD, GBP/NZD) as UK Inflation Falls – GBP/USD Softens
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Pound Exchange Rate Higher (GBP/EUR, GBP/AUD, GBP/NZD) as UK Inflation Falls – GBP/USD Softens

The Pound exchange rate continued to climb higher in Tuesday’s European session, making gains against the Euro (GBP/EUR), US Dollar (GBP/USD), Australian Dollar (GBP/AUD) and New Zealand Dollar (GBP/NZD). Brexit transition deal progress buoyed sterling, and latest ecostats showed a drop in the UK’s inflation level, meaning households are better off.  Update: As Tuesday’s session...

GBP/NZD, GBP/CAD, GBP/USD Exchange Rate Forecast: NZ GDP, US Retail Sales
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GBP/NZD, GBP/CAD, GBP/USD Exchange Rate Forecast: NZ GDP, US Retail Sales

The Pound to US Dollar (GBP/USD), Pound to Canadian Dollar (GBP/CAD), and Pound to New Zealand (GBP/NZD) exchange rates were trending lower in Wednesday’s European session. The Pound was buoyant yesterday after Phillip Hammond’s Spring Statement which gave positively revised growth forecasts for 2018 and said UK inflation would come back to target and boost...

Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data
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Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data

The Pound Sterling exchange rate has fallen on Wednesday after a mixed bag of economic data. The British currency sank below 1.13 against the Euro (GBP/EUR), and noted hefty losses against the Australian Dollar (GBP/AUD), New Zealand Dollar (GBP/NZD), and Japanese Yen (GBP/JPY). The UK Industrial Production figure grew by 0.4% in November, but the...

CAD and NZD Exchange Rates Jump on Oil Surge and RBNZ Governor, UK Inflation Jumps to 3.1%
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CAD and NZD Exchange Rates Jump on Oil Surge and RBNZ Governor, UK Inflation Jumps to 3.1%

The Canadian Dollar exchange rate strengthened slightly against the US Dollar (CAD/USD) and Pound Sterling (CAD/GBP) on Tuesday after oil prices broke through US$65 – the highest level since mid-2015. The jump in black gold came after one of Britain’s key pipelines, the Forties pipeline, was discovered to have a crack. The crack expanded and...

GBP/EUR, GBP/NZD, GBP/AUD Climb Despite Drop in Consumer Confidence and Pay Squeeze Prospects
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GBP/EUR, GBP/NZD, GBP/AUD Climb Despite Drop in Consumer Confidence and Pay Squeeze Prospects

The Pound to Euro (GBP/EUR), Pound to New Zealand Dollar (GBP/NZD) and Pound to Australian Dollar (GBP/AUD) exchange rates were trending higher in Friday’s European session despite a drop in Consumer Confidence, according to YouGov and the Centre for Economics and Business Research (CEBR). According to the latest statistics, UK consumers are at their gloomiest...

GBP/AUD, GBP/NZD Recoups Ground as Aussie Retail Sales Flop and UK Services Jump
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GBP/AUD, GBP/NZD Recoups Ground as Aussie Retail Sales Flop and UK Services Jump

The Pound to Australian Dollar (GBP/AUD) exchange rate clawed back some of its losses on Friday, climbing by around 0.96%, after declining by around 2.0% on Thursday. The Pound also rose against the New Zealand Dollar (GBP/NZD) in Friday’s European trading. GBP slipped dramatically on Thursday as markets digested the minutes from the Bank of...