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So far during this morning’s trading we have seen GBP NZD exchange rates increase by over 0.7%, making sending money to New Zealand less expensive.

This is in line with Sterling gains accross the board against the majority of major currencies ahead of the UK GDP figures being released at 9.30am. It has been predicted that GDP will increase to 0.2% meaning that the recession has come to an end. If this is the case, we could see further Sterling strength this morning.