GBP/NZD Live News

This page provides live coverage and news analysis on the GBP/NZD currency pair

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Nov. 27, 2020

GBP/NZD down to 1.8893, the last time it was this low was 1 year

(23:36) GMT

After opening at 1.9067, GBP/NZD dropped to its lowest point in 1 year at 1.8893. It later recovered 56 pips and is now trading at 1.895.

The GBP/NZD nearest support level is too vague to call at the moment, resistance level is at 1.9442. The lower Bollinger band was at 1.8911, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems GBP/NZD might reverse course and start pointing upward in the short term.

At the same time, Australian dollar is trading around 0.739 after starting the session at 0.7357 (up 0.45%). The GBP/CAD is trading around 1.73 after starting the session at 1.7383 (down 84 pips). The Kiwi is trading around 0.7027 after starting the session at 0.7006 (up 0.31%). EUR/AUD trading with no major change, around 1.6191.

The market will keep its eye on the following upcoming macroeconomics indicators: United Kingdom BoE MPC Member Haldane's speech set for tomorrow at 1:30 PM.

Nov. 26, 2020

GBP/NZD hits 1.9028, its lowest rate in 4 months

(22:36) GMT

Having started at 1.91 GBP/NZD dropped to 1.9028, hitting its lowest point in 4 months, later it recovered 26 pips and is now trading at 1.9054

Meanwhile, released on Wednesday at 9:45 PM, New Zealand's Balance of Trade showed an uptick coming in at -1, up from the previous number of -1017.

The GBP/NZD nearest support level is too vague to call at the moment, resistance level is at 1.9442. The lower Bollinger band was at 1.8977, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems GBP/NZD might reverse course and start pointing upward in the short term.

At the same time, Australian dollar hit 0.7378, highest rate in 2 months. GBP/CAD trades around 1.738, with no major change. Kiwi trades with no major change, around 0.7008. EUR/AUD trading around 1.6185, with no major change.

The market will be looking forward to the upcoming release of the following indicators: United Kingdom's new Nationwide HPI (MoM) data will be available tomorrow at 7:00 AM. Data is expected to decline to 0.2 from its previous value of 0.8. The United Kingdom Nationwide HPI (YoY) projected to outperform last figure with 5.9 while it previously stood at 5.8, data will be released tomorrow at 7:00 AM.

Nov. 25, 2020

At 1.9058 GBP/NZD down to its lowest value in 4 months

(22:36) GMT

After opening at 1.915, GBP/NZD dropped to its lowest point in 4 months at 1.9058. It later recovered 36 pips and is now trading at 1.9094.

Meanwhile, New Zealand's Balance of Trade was released today at 9:45 PM with a figure of 2190, This is better than the previous number of 1710.

The GBP/NZD nearest support level is too vague to call at the moment, resistance level is at 1.9748. The lower Bollinger band was at 1.9004, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems GBP/NZD might reverse course and start pointing upward in the short term.

At the same time, Aussie/Dollar rallied beyond 0.7376 for the first time in 2 months. The Kiwi is trading around 0.7011 after starting the session at 0.6975 (up 0.51%). GBP/CAD is up 0.21% to 1.7395 EUR/AUD added 0.13% to its value, now trading at 1.618

Nov. 24, 2020

GBP/NZD hits 1.9072, its lowest rate in 4 months

(22:36) GMT

After opening at 1.9245, GBP/NZD dropped to its lowest point in 4 months at 1.9072. It later recovered 72 pips and is now trading at 1.9144.

This downslide might be related to financial indicators data published earlier as United Kingdom Services PMI fell short of the 52.3 projections, at 45.8 and continued its downward trajectory from the previous figure of 52.3. The Data for United Kingdom Composite PMI released on Monday at 9:30 AM is better than expected with 47.4, but worse than the previous figure of 52.1.

On the flip side, United Kingdom's Manufacturing PMI came out at 55.2, above the estimate of 53.3. This is also a step forward from the previous data of 53.3.

The GBP/NZD nearest support level is too vague to call at the moment, resistance level is at 1.9748. The lower Bollinger band was at 1.9013, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems GBP/NZD might reverse course and start pointing upward in the short term.

At the same time, Australian dollar rallied beyond 0.7369 for the first time in 2 months. The Kiwi is up 0.73% to 0.6974 EUR/AUD is down to 1.6158, losing 88 pips after opening at 1.6247. GBP/CAD is down to 1.7357, losing 70 pips after opening at 1.7428.

The market will be looking forward to the upcoming release of the following indicators: United Kingdom's Autumn Budget set for tomorrow at 3:30 PM. New Zealand Balance of Trade is excepted tomorrow at 9:45 PM.

Nov. 23, 2020

GBP/NZD drifts to 1.9244 after starting the day at 1.917 (up 0.39%)

(22:36) GMT

The GBP/NZD green move comes while some more encouraging signs are out as the United Kingdom Manufacturing PMI beat expectations of 53.3 with new data release of 55.2. This is also a step forward from the previous data of 53.3.

On the flip side, United Kingdom Services PMI fell short of the 52.3 projections, at 45.8 and continued its downward trajectory from the previous figure of 52.3. The Data for the United Kingdom Composite PMI released today at 9:30 AM is better than expected at 47.4, but worse than the previous figure of 52.1.

In the meantime, Australian dollar hit 0.7339, highest rate in 2 months. The New-Zealand Dollar is down 12 pips from the beginning of the session and now trading around 0.6934.

The nearest resistance level is at 1.9748.

The market is looking forward to the United Kingdom's Autumn Budget, which will be released tomorrow at 4:00 PM. United Kingdom MPC Member Haskel's speech is set for tomorrow at 11:30 AM. The New Zealand RBNZ Financial Stability Report is expected tomorrow at 8:00 PM.