GBP/NZD March Currency Update

Old Apr 12th 2010, 12:42 am
  #1  
BE Enthusiast
Thread Starter
 
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default GBP/NZD March Currency Update

New Zealand’s Q4 2009 GDP grew at the fastest pace in 2 years (+0.8% q/q), as inventory rebuilding and consumer demand fuelled the third straight quarterly improvement. However doubts remain about the sustainability of the recovery as consumer sentiment and spending subsides in the face of weak labour markets, rising mortgage rates and likely future tax increases.

Expectations for the first interest rate hike in the cycle stay unchanged for June. The Trade Balance (+$321m) recorded a surplus in February, remaining close to its 8-year best (-$244m) on a year-on-year basis, as NZ exports struggle to gain traction on international markets but matched by waning demand for imports.


Current Central Bank Rates:

BOE (Bank of England): 0.50%
RNZ (Reserve Bank of New Zealand): 2.50%

GBP/NZD Highs & Lows of March:

High: 2.1948
Low: 2.0904

A movement of: 4.99%

Difference this would make on £200k

High: NZD 438,960
Low: NZD 418,080

A difference of NZD 20,880

All of the information above can be explained clearly by your personalised dealer should you open a trading facility with HIFX. To discuss your requirements in more detail and for a free currency consultation please contact HiFX plc on 01753 859 159 or email [email protected].


Kind regards,


Mark Bodega
Director - HIFX
Windsor2 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.