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By Michael Vaughan

Sterling/NZD exchange rates have shown very little movement throughout the course of the day. On a very quiet day data wise this was no real surprise. Sterling has had a strong week against the Kiwi with gains of over 1.5% and created some potentially good buying opportunities. To keep up to date with the most recent market movements contact Foreign Currency Direct where a specialist broker will help you utilise one of the many tools at their disposal to safeguard your rate of exchange.

By Rob Bastin

At the close of business GBP/NZD exchange rates finishes some 1.35% better than they had opened in the morning. This was partially due to a strong day for the pound following better than expected UK house price data overnight, but was also aided by comments from the Bank of New Zealand claiming that the economy is still in a very ‘weak’ position ‘despite signs of levelling off in economic activity’.

By Michael Vaughan

Sterling has continued its strong gains against the NZD throughout the course of the day recovering from the losses seen in the early part of the week. Sterling has benefitted greatly from strong data released by Nationwide showing house prices on the rise. With the UK economy being heavily geared towards the housing market positive data such as this inevitably will give sterling strength and indeed we have seen sterling improve by 1.35% against the kiwi. For thouse with a sterling/NZD requirement it is important to keep your currency broker informed of your requirement as gains such as today can significantly reduce the cost of your transfer.

By Tom Holian

Sterling vs New Zealand Dollar has seen a huge recovery this afternoon following the Weekly Overview commentary out today by BNZ chief economist Tony Alexander. Bollard the Reserve Bank Governor said ‘despite signs of a levelling off in economic activity, the economy remains weak. We continue to expect to see a patchy recovery get underway toward the end of the year, but it will be some time before growth returns to healthy levels.’  Owing to the comments we saw the exchange rate for GBP vs NZD hit 2.52 this afternoon.

By Michael Vaughan

NZD exchange rates have fallen this afternoon following early gains against the pound in the mornings session. Sterling has found support against a host of currencies and bringing the day movement for £/NZD to nearly 0.8% throughout the day. Sterling’s strength can be attributed to better than expected mortgage approvals with the figure coming in nearly 3,500 above the expected. With the housing market being so influential for the UK economy positive news like this has given sterling support against the Kiwi.