By Leigh Smith

GBPNZD exchange rates have continued on from yesterday’s form so far during this morning’s trading, with the cost of converting Pounds to Kiwi Dollars increasing by 0.3% so far today.

Over night the Reserve Bank of Australia released their interest rate decision where rates were increased by 0.25% to 3.5%. This may have influenced this currency pair but I believe the Pound weakness is more heavily influenced by predictions of the Bank of England extending its quantitative easing programme on Thursday.

If you have a requirement to send money to New Zealand over the coming days and weeks it may be prudent to get in touch with one of our award winning brokers today to discuss the options available to you.