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By Rob Bastin

At the close of trading exchange rates for Sterling to New Zealand dollars have finish 1.2% higher than at the open this morning. Much of this movement has been caused by a large sell off of kiwi dollar positions after rates had dropped yesterday to some of the lowest levels seen in the last 5 years. Many people will be looking to tomorrow mornings UK unemployment release aswell as the inflation report from the BoE to see if this improvement in the rate will hold.

By Michael Vaughan

Sterling has reversed recent trends today gaining nearly 1.5% against the kiwi dollar, the likelihood is that investors are unwinding their positions due to profit taking and devaluing the NZD. For those looking buy NZD this could be a good opportunity as the pound may begin to feel the pressure ahead the monthly inflation report tomorrow morning.

By Tom Holian

We have witnessed a minor recovery today for Sterling against the NZD with an increase of 1.3% since the previous day. Carry trading is the likely culprit as Sterling has dropped by almost as much against the Japanese Yen.

By Michael Vaughan

Sterling has strengthened against the Kiwi dollar today due to another spate of positive data from the UK in the form of strong housing and manufacturing figures. For those with a Sterling/NZD requirement eyes should be focused on the Bank of England interest rate decision at 12:00 tomorrow - expectations are for rates to remain at 0.5% but any news with regards Quantitative Easing is likely to cause volatility.

By Tom Holian

Sterling has moved by 0.43% against the New Zealand Dollar as the UK economy posts some strong Manufacturing data.