GBPNZD Live Chart
View the GBPNZD live chart to get the latest prices as well as other market information for GBPNZD trading ideas.
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About GBPNZD
The GBPNZD currency pair represents the exchange rate between the British Pound (GBP) and the New Zealand Dollar (NZD). This pair is widely followed due to its significant volatility influenced by economic events from both the United Kingdom and New Zealand. It tends to react to interest rate decisions, economic data, and geopolitical developments.
History of GBPNZD
The GBPNZD pair has a notable presence in Forex trading. Historically, the pair has been influenced by various economic, political, and market events in both the United Kingdom and New Zealand. Major events such as changes in monetary policy by the Bank of England (BoE) or the Reserve Bank of New Zealand (RBNZ), geopolitical tensions, and global economic conditions have all played roles in the pair’s fluctuations.
What affects the GBPNZD exchange rate
The GBPNZD exchange rate is influenced by the performance of the economies of the United Kingdom and New Zealand. Understanding these economic indicators can help traders make better informed decisions when trading this currency pair.
Here are some key economic events that affect the GBPNZD exchange rate:
- The Bank of England (BoE) and Reserve Bank of New Zealand (RBNZ) interest rate decisions
- Gross Domestic Product (GDP) reports
- Employment or unemployment report
- Inflation data or Consumer Price Indices (CPI)
- Balance of trade reports
- Commodity prices such as dairy, which is a significant export for New Zealand
Trading the GBPNZD
It has higher than average volatility: The pair is known for its volatility, providing numerous trading opportunities (and risks) for both short and long-term trading.
Interest rate differentials: The difference in interest rates set by the BoE and RBNZ can impact the GBPNZD exchange rate.
Economic and political stability: Changes in economic and political stability within the UK and New Zealand can cause fluctuations in the exchange rate.
GBPNZD Relative currency strength
Strength or weakness of major currency pairs this week
USD
JPY
CAD
NZD
CHF
GBP
EUR
AUD
Our relative currency strength indicator can help you compare the relative strength of the British Pound (GBP) vs the New Zealand Dollar (NZD) and against other major currencies. This tool can be useful for identifying directional bias in the GBPNZD.
GBPNZD Client sentiment
Shows current ratio of open long versus short positions of TIOmarkets clients
Client sentiment
Understand how TIOmarkets clients are positioning themselves in the GBPNZD with our sentiment analysis widget. This shows the percentage of traders who are long or short on GBPNZD.
GBPNZD technical analysis
Technical analysis
Actionable trading plans from Trading Central
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