DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic

FX News

Most recent FX News:

Read more

The BOE weighs on the GBP as the NZD grinds higher.

Written by Sam Coxhead on June 15th, 2012.      0 comments

4:41 PM (NZT) The NZD has seen grinding appreciation over the Pound Sterling this week. The increasing expectations and rhetoric around further QE initiatives from the BOE (and other central banks) have enabled the move. The NZD has also seen investors exit sold positions ahead of the weekends elections in Greece. This squaring of positions is common ahead of events holding high levels of uncertainty. Markets remain fickle and of relatively low volume. Any bounce back in capital flight from Europe to the UK will likely see the GBP outperform, and the NZD again under pressure. Current levels are close middle of the range for the pair over the last 12 months.
 
The current interbank midrate is:                                                            NZDGBP .5030                               GBPNZD 1.9881
                                                               
The interbank range so far this week to date has been:                 NZDGBP .4960 - .5038                GBPNZD 1.9849 – 2.0161
Topics: BOE, NZDGBP (GBPNZD)
 

Comments