FX News

NZD/GBP Transfer:

UK inflation levels are highest of all the major Western economies and this is pushing extreme cost-of-living pressures. The Bank of England has accepted the challenge and imposed further interest rate rises, driving differentials and making the British Pound an attractive destination. The rising interest rates will inevitably cause damage in the British housing sector as mortgage rates spiral upwards.

Current Level: 0.4840 (2.0660)
Resistance: 0.4900 (2.0410)
Support: 0.4800 (2.0835)
Last Weeks Range: 0.4800-0.4830 (2.0835-2.0700)

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