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The GBP maintains pressure on the NZD this week.

Written by Sam Coxhead on April 5th, 2012.      0 comments

3:46 PM (NZT) This pairing again has seen a week of relatively tight ranges. The news has been all UK based for the most part, with better than expected results coming on all top tier releases so far. If stocks markets see further pressure to round out the week, expect the GBP to put further pressure on the NZD. Consolidation through the .5100 (1.9600) is needed to enable further investigations higher by the GBP. The NZD remains a somewhat passive player for the time being with equity markets providing the bulk of its influence.
 
The current interbank midrate is:                                                            NZDGBP .5130                               GBPNZD 1.9493
                                                               
The interbank range so far this week to date has been:                 NZDGBP .5096 - .5164                GBPNZD 1.9361 - 1.9623
 

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