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GBP vs NZD currency overview for 2nd November 2017
The Pound to New Zealand Dollar exchange rate fluctuated last week and closed relatively near the week’s opening levels. When markets opened on Monday though, GBP/NZD plummeted due to optimism surrounding the appointment of the new Reserve Bank of New Zealand (RBNZ) Governor.
Acting RBNZ Governor Grant Spencer will be succeeded by Adrian Orr. Orr is considered to be a good choice thanks to his experience as a former Deputy Governor and chief economist. Orr will be overseeing the RBNZ’s transformation into a bank that prioritises full employment, but officials have indicated he will also maintain the RBNZ’s goal to continue fighting inflation.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/NZD exchange rates
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