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By Tom Holian

The recent currency movements for the Pound New Zealand Dollar has seen the NZD hit 2.43 its lowest level since February 2008 making sending money overseas more expensive. With Mervyn King’s comments that he wants to see a stronger Pound we may see the exchange rate go lower.

By Rob Bastin

Sterling has continued its bad run of late so far during todays trading. GBP/NZD exchange rates have dropped by another 0.6% by lunch time, and buying rates for the kiwi dollar are now at the worst seen for over 5 years, though on teh flip side anyone looking to sell New Zealand dollars should consider taking advantage of these opportune exchange rates.

By Michael Vaughan

Sterling/NZD exchange rates fell bringing the levels to some of the lowest seen ina  number of years. For those looking to sell NZD to buy sterling may wish to consider their positions as rates are so favourable. Contact Foreign Currency Direct to see how your rates can be secured.

By Rob Bastin

After another tricky day for Sterling exchange rates, the pound has finished some 0.6% lower against the New zealand dollar than it was at the open this morning. GBP/NZD exchange rates have dropped following confirmation that UK unemployment figures have risen to 2.44miliion in August, and after Mervyn King talked down any posibilty of interest rate changes in the near future during his quarterly inflation report. The rest of the week is now empty of economic data for either the UK or New Zealand.

By Michael Vaughan

Following yesterday’s positive gains sterling exchange rates fell against the New Zealand dollar following the Bank of England inflation report released earlier this morning. The report suggested that inflation levels will remain well under the Bank’s target levelof 2% for the foreseeable future reducing the chances of any potential interest rate hikes as some analysts had predicted and causing sterling/NZD exchange rates to fall.