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By Tom Holian

GBP has struggled for the third week in a row against the New Zealand Dollar as Mervyn King’s comments about keeping Sterling weak to aid GDP hinder the market. The Pound has struggled against many currencies but dropped by almost 5% since the start of August 2009.

By Michael Vaughan

Sterling has struggled today against the New Zealand Dollar falling 0.2% on the day. Last weeks’ Bank of England minutes are still weighing on the value of the pound. Tomorrow we have some GDP figures for the UK, should these come in stronger than expected we may see a reversal of this recent trend.

By Michael Vaughan

The Kiwi dollar has continued its run against sterling bringing sterling/NZD exchange rates to some of their lowest in recent memory. For those looking to buy NZD the short term outlook suggests sterling will find little support as the Bank of England’s Quantitative Easing policies are weighing on the value of the pound.

By Michael Vaughan

Sterling has continued its poor week as New Zealand dollar exchange rates have continued to gain bringing some of the best exchange rates for those looking to sell kiwi’s to buy sterling. Sterling appears to be struggling weighed down from the Bank of England minutes released earlier this week and the potential for an increase in the levels of Quantitative Easing. For those with an upcoming NZD requirement contact Foreign Currency Direct to discuss the tools at our disposal to maximise your exchange.

By Rob Bastin

The pound has had another tough day on the markets as the weeks trading comes to a close. The worsened outlook of the UK economy following Wednesday Bank of England minutes has continued to weigh on the value of Sterling over the last 3 days despite some positive data for the UK. Exchange rates for buying kiwi dollars have dropped by another 0.8% today as trading levels reach  new lows.