The Pound to New Zealand Dollar exchange rate is battling to maintain a constructive feel, thanks to an improved global investor sentiment.
Relief is in sight for the New Zealand Dollar, according to one of the world's biggest banks.
The Pound to New Zealand Dollar exchange rate has resumed its recent correction lower in tandem with many US Dollar pairs and it could be likely to remain heavy, with a downside bias over the coming days.
The New Zealand dollar fell heavily against all major currencies overnight on Wednesday, leading to a spike in GBP/NZD, after the Reserve Bank of New Zealand cut its interest rate and signaled that further cuts are likely up ahead.