FX News

NZD/GBP Transfer:

The British Pound (GBP) rallied again this week pushing the price to 2.0220 (0.4945) a new October 2022 level against the New Zealand Dollar (NZD) as inflation data published. NZ CPI came in lower year on year at 6.7% down from 7.2% sinking the kiwi as investors were disappointed by the news. The news supports the theory that the RBNZ may have just one more hike planned, possibly in May before halting policy. UK inflation fell less than expected in March holding at 10.1% as energy and food prices remain elevated. Although this remains close to the 41 years high of 11.1% inflation is predicted to drop away towards the end of this year. Friday trading sees the cross just off long-term lows but looking comfortable under 2/1

The current interbank midrate is: NZDGBP 0.4959 GBPNZD 2.0165
The interbank range this week has been: NZDGBP 0.4949- 0.5008 GBPNZD 1.9968- 2.0206

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