The UK economy has been recovering well, economically speaking, since the new Labour Government has been elected. This surprises many, as dire warnings of an economic crises (from the incoming Government) have been accentuated by warnings of fiscal tightening and tax rises. The Bank of England is likely to resume interest rate cuts, which will shadow the ECB and RBNZ. The cross rate is therefore not likely to fluctuate greatly, from current trading levels, around 0.4650.
The current interbank midrate is: NZDGBP 0.4654 GBPNZD 2.1486
The interbank range this week has been: NZDGBP 0.4625- 0.4677 GBPNZD 2.1381- 2.1621