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.
RBNZ puts a stop to declines with 'hawkish' commentary.
GBP/NZD Upside a Winning Bet This Week
- Category: NZD
Further gains by the pound-New Zealand dollar exchange rate are anticipated as war escalation risks and the RBNZ decision loom.
GBP/NZD trades at 2.3144 on Monday, extending a strong recovery from the late-February low of 2.24.
