FX News

GBP/NZD Transfer

The British Pound (GBP) held prices around 2.0790 (0.4810) at the end of the week against the New Zealand Dollar (NZD) despite softer UK Retail Sales. Moves into Tuesday have been largely to the upside, the kiwi clawing back losses to 0.4830 (2.0700). This week we expect the pair to keep within recent ranges on a lack of data publishing. Looking ahead we have UK Manufacturing before NZ Retail Sales Friday.

Current Level: 2.0725
Resistance: 2.1210
Support: 2.0365
Last Weeks Range: 2.0589- 2.0962

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