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GBP vs NZD currency overview for 23rd June 2017
The New Zealand Dollar was on bullish form yesterday, racing higher after the latest Reserve Bank of New Zealand (RBNZ) monetary policy decisions. The RBNZ kept interest rates at their record low of 1.75% as expected, but their failure to explicitly take aim at the strength of the New Zealand Dollar boosted demand for the ‘Kiwi’.
If policymakers do not think NZD exchange rates are too strong, they aren’t likely to take action in the near-term to weaken the currency, removing a major downside risk for the New Zealand Dollar and making it an attractive investment.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/NZD exchange rates
GBP/NZD performance, 23rd June 2017
This chart shows how the GBP is performing againt the New Zealand Dollar throughout the day.
The red line shows the opening exchange rate at the start of the day so that you can see if the current exchange rate is above, or below, yesterdays’ rate.
The GBP/NZD exchange rate (1.7427) is lower than todays opening rate, so the Pound is weaker against the New Zealand Dollar compared to yesterday. GBP/NZD is near the the low of the day, which could indicate that this exchange rate could go lower.
The long term chart at the top of this page shows how the GBP/NZD exchange rate has performed over the last few months.
GBP/NZD is scoring 100 (out of 100) on our trend strength indicator, which indicates that this currency pair is in a strong downwards trend and is likely to keep falling.
Todays GBP/NZD exchange rate summary
Highest exchange rate today: 1.7506
Lowest exchange rate today: 1.7427
Opening exchange rate today: 1.7454
This article is for information and educational purposes only and does not form a recommendation to invest or otherwise. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.