Weekly Currency Update GBP/NZD - Week ending 24th September
Sep 29th 2010, 8:19 am
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Weekly Currency Update GBP/NZD - Week ending 24th September
As promised here’s a brief update on what’s been happening with the New Zealand Dollar over the last week.
2nd Quarter GDP fell well short of expectations coming in at just 0.2% (expected 0.7%). The Dollar weakened by around 2% against the Pound as a result. Weaker than expected growth could mean that further NZ rate hikes are pushed back again even further.
GBP/NZD movement – High’s & Low’s of last week (20th September– 24th September)
High’s: 2. 1617
Low's: 2.1122
A movement of 2.34%
Difference on £200,000
High: NZD 432.340
Low: NZD 422,440
Difference of: NZD 9,900
Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.
Regards
Mark Bodega
Director – HiFX
2nd Quarter GDP fell well short of expectations coming in at just 0.2% (expected 0.7%). The Dollar weakened by around 2% against the Pound as a result. Weaker than expected growth could mean that further NZ rate hikes are pushed back again even further.
GBP/NZD movement – High’s & Low’s of last week (20th September– 24th September)
High’s: 2. 1617
Low's: 2.1122
A movement of 2.34%
Difference on £200,000
High: NZD 432.340
Low: NZD 422,440
Difference of: NZD 9,900
Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.
Regards
Mark Bodega
Director – HiFX
