The New Zealand Dollar (NZD) hasn’t been able to regain an edge against the British Pound (GBP) this week after dropping in value last week to 0.4760 (2.10). Prices in the cross have progressed through to 0.4755 (2.1035) into Tuesday trading just shy of last week’s low and September 2023 levels. No data publishing this week, last week’s poor NZ growth data should keep the kiwi on the back foot with the Bank of England (BoE) unlikely to lower rates any time soon.
The current interbank midrate is: NZDGBP 0.4753 GBPNZD 2.1039
The interbank range this week has been: NZDGBP 0.4746- 0.4768 GBPNZD 2.0972- 2.1068