Pound to New Zealand Dollar Forecast for the Week Ahead: At Risk of Technical Breakdown
- Category: NZD
Of all the GBP exchange rates we monitor in our Week Ahead Forecast coverage, GBP/NZD is looking the most bearish.
The New Zealand dollar could come under pressure in the near term, but it is tipped to outperform in the long term.
The Pound and New Zealand Dollar have a lot of fundamental similarities, which have conspired to suppress volatility in GBP/NZD.
Look at the chart of the Pound to New Zealand Dollar exchange rate below; you will notice the blue line running along the top of the recent daily bars.
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