Click here for market leading GBP NZD exchange rates
The Pound to New Zealand Dollar exchange rate tumbled yesterday as demand for risk-correlated currencies improved due to low Fed rate hike bets and US Dollar weakness.
New Zealand’s latest data was decent too. Q2’s PPI results beat expectations, while the Roy Morgan consumer confidence survey from August improved from 125.4 to 126.2.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/NZD exchange rates
GBP/NZD performance, 18th August 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 (1.7581) 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 67 (out of 100) on our trend strength indicator, which indicates that this currency pair is likely to be establishing a strong upwards trend.
Todays GBP/NZD exchange rate summary
Highest exchange rate today: 1.7688
Lowest exchange rate today: 1.7517
Opening exchange rate today: 1.7661
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.