Pound v New Zealand dollar: GBP exchange rate fluctuates as RBNZ leaves rates on hold

Pound v New Zealand dollar: GBP exchange rate fluctuates as RBNZ leaves rates on hold
 

The GBP/NZD currency pair has been fluctuating between NZ$1.880 and NZ$1.889.
The New Zealand Dollar experienced mixed movement after the RBNZ voted to leave interest rates at a record low of 1.75 per cent at its latest policy meeting.
While the outcome of the vote had been widely forecast ahead of the decision, the New Zealand Dollar still tumbled as policymakers indicated that rates would likely remain on hold for the foreseeable future.
The neutral outlook from the bank comes amidst the uncertainty surrounding the new New Zealand Labour government, leading policymakers to strike an... read more

 
9 November 2017 in Business, Views: 39
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