Live Breaking News & Updates on Outlook Remains Fairly

February 17, 2021 - Written by John Cameron
The Pound continues to benefit from global market sentiment and the British Pound to New Zealand Dollar (GBP/NZD) exchange rate is touching new highs this week as a result. A brief slip in global market sentiment due to some surprising shifts in US data and Treasury yields are not hurting the Pound as much as typical risk and trade-correlated currencies like the New Zealand Dollar. Still, New Zealand’s outlook remains fairly optimistic overall.
Sterling continues to capitalise on the global coronavirus outlook even despite strength in rivals. GBP/NZD climbed from 1.9078 to 1.9163 last week, a gain of almost a cent, despite the New Zealand Dollar’s own strong outlook. ....

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