The English Pound (GBP) rise to a fresh 2025 high against the New Zealand Dollar (NZD) overnight clocking 2.2600 (0.4425), also a December 2015 high. Heavy “risk off” sentiment overnight with uncertainty around the US economy and Trump Tariffs sent US Indices plunging taking the NZD with it. With the Bank of England (BoE) cutting rates to 4.5% and inflation accelerating sharply of late it will be captivating to see just how the BoE achieve their target of 2.0% inflation.
Current Level: 0.4418
Resistance: 0.4475
Support: 0.4375
Last Weeks Range: 0.4407- 0.4462