The New Zealand Dollar (NZD) reached 0.4720 (2.1200) Thursday against the British Pound (GBP) before giving back gains towards the end of the week and into Monday to 0.4680 (2.1360). Chances of a Bank of England (BoE) cut of 25 points have increased over the past few days which could soften moves higher by the GBP. UK Inflation releases first which is forecast to remain at 2.20% y/y. If this comes in light the mood by the B0E could turn reasonably dovish. Good for the kiwi.
Current Level: 2.1321
Resistance: 2.1470
Support: 2.1000
Last Weeks Range: 2.1195- 2.1345