Exchange Rates

NZD/GBP Transfer

The British Pound (GBP) continue to climb against the New Zealand Dollar (NZD) Monday to meet the earlier low of 0.4775 (2.0940). Risk markets were a little subdued giving the GBP further momentum. A break clear of 0.4760 (2.10) would certainly signal further downside for the kiwi, the next target support is 0.4670 (2.1400), the pre-Brexit low of June 2016. Looking ahead we have NZ inflation expectations tomorrow and UK GDP Friday.

Current Level: 0.4775
Resistance: 0.4875
Support: 0.4770
Last Weeks Range: 0.4771 – 0.4848

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