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 Pound Sterling takes back lost ground against the NZ dollar

Written by Sam Coxhead on March 23rd, 2012.      0 comments

4:45 PM (NZT) The Pound Sterling has seen some solid appreciation over the NZ dollar throughout the course of this week. Last night saw it give back a portion of its gains however, as the market digested the materially worse than expected UK retail sales number. Next week the lead will almost entirely come from the wider market appetite for risk, in the absence of top tier economic data in either economy. Expect the NZD to find demand at the .5080 level (GBPNZD 1.9685), on any further risk aversion inspired NZD weakness.
 
The current interbank midrate is:                                                            NZDGBP .5125                              GBPNZD 1.9512
                                                               
The interbank range so far this week to date has been:                 NZDGBP .5084 - .5221                GBPNZD 1.9153 – 1.9670
 

Comments