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Good value buying of NZD with GBP at current levels.

Written by Sam Coxhead on May 4th, 2012.      0 comments

6:36 PM (NZT) The GBP has continued its recent pressure on the NZ dollar throughout the course of this week. From the outset the GBP was outperforming and these increased following the NZ employment numbers yesterday. Further gains for the GBP should prove to be harder fought from current levels as the pair has struggle to push through the .4940 (2.0240) level. Current levels are good for those looking to stagger transfers from the GBP into NZ dollars. Next week sees the lead predominantly come from the wider market appetite for risk, with the BOE unlikely to be making any changes to monetary policy.
 
The current interbank midrate is:                                                            NZDGBP .4951                               GBPNZD 2.0198
                                                               
The interbank range so far this week to date has been:                 NZDGBP .4935 - .5058                GBPNZD 1.9771 – 2.0264
 

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