GBP/NZD Live News

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

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GBP/NZD

Jan. 31, 2023

Mixed sentiment sees GBP/NZD currency pair ending the session broadly flat; establishes tight 1.9073 to 1.92 range

Live - Updated 25 minutes ago.

Tentatively higher from an earlier low of 1.9073, GBP/NZD is up to 1.9103 today, adding 3 pips, or 0.02%, to yesterday's closing price of 1.91.

GBP/NZD made an initial breakout above its 50 day Simple Moving Average at 1.9128, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of 1.9073 to 1.92, Fibonacci-inclined GBP/NZD traders were highly concentrated around active Fibonacci resistance at 1.9121.

Overall, looking at the technical analysis landscape, it seems GBP/NZD might continue pointing upwards in the short term.

A look at other currencies also shows bullish price action as EUR/AUD added 0.55% to its value, now trading at 1.5455. USD/CAD gained 0.39% and is now trading at 1.3437.

Meanwhile, GBP/JPY decreases 0.5% to trade around 160.22.

Furthermore, the market is looking at United Kingdom Manufacturing PMI is expected tomorrow at 09:30 UTC. New Zealand Employment Change (QoQ) (Q4) will be released tomorrow at 21:45 UTC. United Kingdom Nationwide HPI (MoM) (Jan) scheduled to come out tomorrow at 07:00 UTC.

GBP/NZD has shed 4.46% over the past three months.

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Week to date

GBP/NZD is trading around 1.9103, after closing the previous week at 1.9103 (down 0%) .

Trading week at a glance - GBP/NZD is up to 1.9103, after closing yesterday at zero. Overall, a 0% move or 19,103 pips this week. (Trade GBP/NZD with FXTM now).

Meanwhile, New Zealand Consumer Price Index came out at 1.4, while a consensus of analysts was expecting 1.3. New Zealand Balance of Trade released Sunday with a figure of -475,000,%, while the previous figure was -2,180,000,%. New Zealand Balance of Trade released Sunday with a figure of -14,460,000,%, while the previous figure was -14,980,000,%. Fresh CFTC GBP speculative net positions data from United Kingdom came out at -23,900. New Zealand ANZ Business Confidence (Jan) came out at -52.

Furthermore, the market is looking at United Kingdom Construction PMI is projected to outperform its last figure with 49.6. It previously stood at 48.8; data will be released Monday.

Also worthy of note, United Kingdom BoE Interest Rate Decision (Jan) will be released Thursday. United Kingdom Composite PMI is expected Friday.

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