The New Zealand Dollar's recent phase of strength is ending.
The Pound to New Zealand Dollar exchange rate has receded from post-referendum highs in recent trade and could be set for some consolidation within a rough 2.2131 to 2.2467 range through the days ahead as markets process a cacophonic array of policy-related statements coming from Washington.
The New Zealand dollar is expected to remain subdued in the near term as global trade tensions and a sluggish domestic recovery weigh on sentiment, ASB says in a new quarterly forecast update.