FX News

GBP/NZD Transfer

Price in the New Zealand Dollar (NZD), British Pound (GBP) moved off the 0.4845 (2.0640) open to reach 0.4810 (2.0780) in early Tuesday trading. The risk on drivers is still evident in the aftermath of Friday’s US Non-Farm release. Also of note was UK services PMI which beat predictions and a hawkish Bank of England. This week’s NZ inflation expectations tomorrow which gives us a review of predictions for the next 2 years could be interesting. UK GDP m/m prints Friday. The kiwi will be eying 0.4850 (2.0615) this week.

Current Level: 2.0716
Resistance: 2.0940
Support: 2.0600
Last Weeks Range: 2.0563- 2.0972

Previous ArticleNext Article