FX News

NZD/GBP Transfer:

The Bank of England monetary policy report revealed a hike to 4.50% overnight, the central bank hiking 25 points as widely predicted the 12th consecutive time the central bank has raised. It was a less dovish report from members who predict a better forecast ahead for the UK economy. Bank of England’s Bailey said future rate moves were confidential with no hints as to future directional steer. The bank expects the economy to grow nearly 1% through to the second quarter 2026- it’s not a strong forecast but it’s less weak. Not a lot of movement in the cross post the rate decision, the pair pivoting around 0.5045 (1.9820) areas.

The current interbank midrate is: NZDGBP 0.5033 GBPNZD 1.9868
The interbank range this week has been: NZDGBP 0.4983- 0.5053 GBPNZD 1.9788- 2.0065

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