FX News

GBP/NZD Transfer

The GBP has been fairly static, but may show some signs of life in the coming week, due to the Bank of England rate decision. Inflation in the UK jumped back to 4%, from 3.9%, reversing sharp recent falls. This will only encourage the Bank of England to leave interest rates ‘higher for longer’, thus supporting a stronger Pound.

Current Level: 2.0820
Resistance: 2.0965
Support: 2.0695
Last Weeks Range: 2.0710- 2.0937

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