GBP vs NZD Exchange Rates

GBPNZD was trading on the currency markets at 1.9235 at 7:55pm on 1 November 2017.
Click here for market leading GBP NZD exchange rates

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

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.