Pound To New Zealand Dollar Rate Rallies As UK GDP Unexpectedly Rises
The Pound to New Zealand Dollar (GBP/NZD) exchange rate appreciated on Thursday as markets digested the UK’s latest GDP figures.
The ‘Kiwi’ initially found some support during the Asian trading session amid a modest uptick in risk appetite, following a pullback in the US Dollar (USD)
However, uncertainty soon crept back into markets, causing the risk-sensitive New Zealand Dollar to wobble.
Ongoing concerns over Donald Trump’s relentless push for tariffs, kept investors cautious and prevented the currency from gaining any clear direction.
Looking ahead to the end of this week, notable UK and New Zealand data is in short supply.
This may leave movement in the Pound to New Zealand Dollar (GBP/NZD) exchange rate to be driven by wider market trends.
If investors remain concerned by Trump’s tariff agenda this is likely to see skittish investors favour Sterling over the ‘Kiwi’.
However, another market correction ahead of the end of the session could weaken the US Dollar, ultimately paving the way for NZD exchange rates to rebound.
Adam Solomon
Contributing Analyst
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