The cross rate with the GBP remains fairly stable and this is likely to continue, into the coming week. The UK releases a slew of important economic data this week, including Trade, GDP Growth and Employment. These will be the focus to judge the performance of the British economy, which is showing ‘green-shoots’ of recovery.
The current interbank midrate is: NZDGBP .4725 GBPNZD 2.1165
The interbank range this week has been: NZDGBP .4700 – .4745 GBPNZD 2.1030 – 2.1250