FX News

NZD/GBP Transfer

The British Pound extended its range breakout this week reaching 2.0940 (0.4775) against the New Zealand Dollar (NZD) amid UK polling but has since failed to push on, dropping back to 2.0850 (0.4795) Friday. The UK’s Labour party is predicted to take a massive victory over the coming hours ending 14 consecutive years Conservative leadership with around 39% of the vote compared to the Conservatives 22%. We expect the GBP to strengthen towards the weekly close.

The current interbank midrate is: NZDGBP 0.4792 GBPNZD 2.0868

The interbank range this week has been: NZDGBP 0.4776- 0.4830 GBPNZD 2.0702- 2.0938

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