Pound vs. New Zealand Dollar Consensus Forecast for Year-end from the Investment Banks
- Category: NZD
The big brains at the world's investment banks think the Pound is still too richly priced against the New Zealand Dollar, according to a new survey.
GBP/NZD is trending higher, and we see little reason to stand in the way of a setup that favours modest gains in the coming days.
Soft quarter-three inflation keeps the door ajar to further RBNZ interest rate cuts and keeps the NZ Dollar on the back foot.
Pound Sterling is forecast to maintain a bullish trend against the New Zealand Dollar in the short term, although roadbumps ahead include inflation numbers out of both the UK and NZ.