New Zealand Dollar – Daily Market Updates with latest New Zealand Dollar exchange rates, charts and rate changes in the major NZD cross currency pairs.
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The Pound (GBP) saw a slight lift against the majority of its peers this morning as markets remain upbeat about the prospect of the Bank of England raising interest rates later this year following BoE policymaker Kristin Forbes’ hawkish comments earlier in the week.
Meanwhile the government’s Brexit bill was passed through the House of Commons yesterday, as MPs voted to allow Theresa May to trigger Article 50. View article >
The Pound (GBP) rallied against most of its peers yesterday afternoon, following Hawkish remarks from Bank of England policymaker Kristin Forbes.
Forbes indicated that she is leaning towards voting to raise interest rates in the near future. She pointed to the robust performance of the UK economy since the EU referendum and the notable rise in inflation as being reasons to hike. View article >
The Pound (GBP) tumbled against the other majors this morning as labour’s attempts to amend the government’s Brexit bill were rejected by parliament.
Two notable blocked Labour amendments were a call for devolved governments such as Scotland to be consulted on Brexit and a requirement for Prime Minister Theresa May to make regular reports back to parliament during negotiations with the EU. View article >
The Pound (GBP) softened against the other majors at the end of last week’s session following the release of a disappointing Services PMI as activity tumbled from 56.2 to 54.5.
The government’s Brexit bill will pass through the House of Commons this week and is likely to be a focal point for investors as they wait to see what amendments are made, with investors hoping that MPs will push for a softer exit from the EU than was outlined by Theresa May. View article >
The Pound (GBP) tumbled against the other majors on Thursday as the Bank of England (BoE) voted to leave monetary policy unchanged.
Despite inflation accelerating at a faster than expected pace since its last meeting, the Bank voted to keep the interest rate as a record low of 0.25% as it forecast that it would remain within the 2% range expected in 2017. View article >
The New Zealand Dollar is today up 0.38% against the United States Dollar, up 1.6% against the British Pound Sterling, up 0.56% against the Euro, even against the Australian Dollar, up 0.2% against the Chinese Yuan and up 0.73% against the Fijian Dollar.
Read on for the latest 1-week and 3-month NZD cross rate fluctuations, charts and trends. View article >
The Pound (GBP) jumped against the other majors yesterday in response to the government’s plans to release a White Paper on its strategy for leaving the EU.
The release comes after MPs overwhelming voted to back the Article 50 bill in parliament yesterday, paving the way for Theresa May to begin the Brexit process in March. View article >
The Pound (GBP) rallied from this week’s lows against most of the majors yesterday as other markets were driven lower by remarks from a top Trump advisor.
However, Sterling could find its respite to be short lived as reports suggest that the UK government’s Brexit bill will pass through parliament without amendments as rebel Conservatives appear to back Theresa May’s promise to release a White Paper on her plans for leaving the EU. View article >
The Pound (GBP) fell against the other majors yesterday as Weetabix was added to a growing list of companies warning that the low value of Sterling will cause prices to rise in 2017.
This will likely cause the Bank of England (BoE) to hold off from raising interest rates at the policy meeting later this week, despite the accelerated inflation rate. View article >
After advancing against most of the majors last week the Pound (GBP) saw a slight bounce early this morning following Theresa May’s visit to the White House.
Investors were upbeat about the possibility that May and President Trump would discuss a potential post-Brexit trade deal between Britain and the US. However, with the UK currently still part of the EU the two leaders could give no indication that a deal had been discussed. View article >
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