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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.