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By Michael Vaughan

Pound exchange rates have fallen against the Kiwi Dollar in what may well have been caused by movements in the carry trade. A carry trade is where an investor borrows in a low yielding currency (like GBP) and puts this into a higher yielding currency such as the NZD. With the US officially coming out of recession confidence has picked up in the world economy and investors appetite for riskier currencies has increased.

By Rob Bastin

The pound has continued its good start to the week with further gains against the kiwi. Exchange rates for buying new zealand dollars with Sterling have improved by a further 1.75% by 4pm on Wednesday. The Royal bank of New Zealand (RBNZ) meet tonight at 9pm UK time for their interest rate decision, expectations are for a hold at 2.5% however if rates a hiked then the dollar would be expected to strengthen agianst the pound.

By Michael Vaughan

For those buying New Zealand Dollars sterling picked up throughout the course of the day nearly 0.7% as data this morning was to prove better than expected. A word of warning however, with the RBNZ interest rate decision looming and the Bank of England releasing its decision next week, we may see large volatility in GBP/NZD rates in the coming days.

By Rob Bastin

After the heavy losses for the pound last Friday, today has seen NZD exchange rates recover further with the pound gaining 0.60% against the kiwi dollar by 5pm on Tuesday. Sterling exchange rates imroved across the board today after better than expected results from this mornings CBI Distributive trades survey. Tomorrow night at 9:00pm UK time, the Royal Bank of New Zealand will meet for their interest rate decision.

By Leigh Smith

GBP NZD exchange rates have moved in favour of the Pound so far during this morning’s trading, making the cost of converting Pounds to Kiwi Dollars 0.4% cheaper.

As regular readers may be aware the general trend is that positive news for the Australian Dollar is also positive for the Kiwi and the same with anything negative. With Australian PPI (Producer Price Index - an indicator of inflation) figures being released slightly worse than expected yesterday this may be why we have seen this increase in GBP NZD exchange rates this morning.