GBP/NZD starts the new week attempting to stabilise after last week’s sharp sell-off, with the pair edging higher to 2.2972 on Monday.
Strategists at the UBS Chief Investment Office "see an opportunity to go long in the NZDUSD" over a short-term horizon.
A huge cull of NZD shorts is helping the currency rise.
GBP/NZD is expected to remain under pressure against major counterparts shows a new analysis.
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