Click here for market leading GBP NZD exchange rates
The Pound to New Zealand Dollar exchange rate slipped yesterday as Brexit news left the Pound volatile while the ‘Kiwi’ Dollar benefitted from the latest New Zealand Consumer Price Index (CPI) results.
New Zealand’s Q3 inflation figures came in at 0.5% quarter-on-quarter, beating the expected gain from 0% to 0.4%. Yearly inflation was impressive too, rising from 1.7% to 1.9% rather than the expected 1.8%.
However, limited risk-sentiment amid a sturdy US Dollar limited the New Zealand Dollar’s strength.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/NZD exchange rates
GBP/NZD performance, 17th October 2017
The Pound to New Zealand Dollar exchange rate saw similar movement to GBP/AUD on Monday, with Sterling too weak to advance against a firm ‘Kiwi’. Investors are hesitant to move on risk-correlated currencies until this week’s major central bank news comes out of the Jackson Hole symposium.
The New Zealand Dollar could see some movement on Thursday too however, as investors could react to New Zealand’s July trade balance report.
The GBP/NZD exchange rate (1.8382) is lower than todays opening rate, so the Pound is weaker against the New Zealand Dollar compared to yesterday.
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 50 (out of 100) on our trend strength indicator, which indicates that this currency pair is is likely to be changing to an upwards trend.
Todays GBP/NZD exchange rate summary
Highest exchange rate today: 1.8515
Lowest exchange rate today: 1.8344
Opening exchange rate today: 1.8426
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.