Singapore-based OCBC says expectations for New Zealand dollar outperformance need a "reality check".
Pound-New Zealand Dollar: Breakout Nears
- Category: NZD
GBP/NZD could soon break out of its short-term consolidative spell.
The New Zealand dollar was a major beneficiary of another 'risk-on' market pulse that followed Donald Trump's confirmation that peace talks were likely to resume in Pakistan.
GBP/NZD gapped higher on Monday's open in a reflexive response to Sunday's news that the situation in the Persian Gulf will likely escalate again in the coming days.