The Pound-New Zealand Dollar could come under pressure if UK GDP stalls, although a weaker New Zealand PMI may limit support for the Kiwi. The Pound New Zealand Dollar (GBP/NZD) exchange rate retreated from Wednesday's one-week high on Thursday, as the ‘Kiwi' attracted some dip-buying.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate rallied strongly last week, recovering much of the previous week's losses as geopolitical tensions drove investors away from risk-sensitive currencies. At the time of writing, GBP/NZD was trading at NZ$2.2911, up almost 2% on the week.
The Pound New Zealand Dollar (GBP/NZD) exchange rate initially firmed last week, before ceding ground amid UK political uncertainty and an improving market mood. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.24893Euro to New Zealand Dollar (EUR/NZD): 1.96995New Zealand Dollar to Dollar (NZD/USD): 0.59972 DAILY.