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By Leigh Smith

This morning the Bank of England release their M4 Money Supply figures for September. This measures all the sterling in circulation, encompassing notes and coins as well as money held in bank accounts and is therefore a key indicator of inflation. It should also give us a good idea of how successful Quantitative Easing has been so far, with the scheme intended to increase the supply of money in the economy.

This data release may cause large levels of volatility in the currency markets, with an increase seen as positive for the UK and Pound and a decrease negative. Official figures are released at 9.30am.

By Michael Vaughan

In a reversal to Thursday and Friday sterling was to lose ground against the New Zealand dollar as the debate rolled on as the whether the Bank of England should extend its Quantitative Easing programme. For those of you looking to buying NZD pay close attention to Wednesday’s Bank of England minutes as this will give us a clearer picture as to what the bank has in store with regards to ‘printing money’.

By Rob Bastin

With no UK or New Zealand data out on Monday, the pound has already started to lose the ground made up at the end of last week. The Kiwi dollar has strengthened by 0.8% against Sterling by 4:15pm on Monday. The pound is set for a turbulent week with BoE minutes due out on Wednesay. the markets will be eagerly awaiting any comments regarding the possible extension of their quantitative easing programme in November.

By Tom Holian

Good morning readers,

The Bank of Japan minutes revealed later tonight will give us an insight into which way the currency pair GBP vs NZD may move over the next few days. Keep a watchful eye on its progress.

By Leigh Smith

Sending money to New Zealand has become slightly more expensive this morning as GBP NZD exchange rates have fallen by nearly 1.5%, thats around 6400 less Kiwi Dollars on a transfer of £200k.

On the back of some positive movements for Sterling last week, this mornings losses may be this currency pair reverting back to the form of recent weeks. If you have a requirement to exchange Sterling for Kiwi Dollars can you afford to take the risk of rates moving further?