April 19, 2021 - Written by Tim Boyer
Investors attempted to buy the British Pound to New Zealand Dollar (GBP/NZD) exchange rate back from monthly lows towards the end of last week, but Sterling is struggling to sustain a bigger advance as the New Zealand Dollar remains appealing as well. While this week’s New Zealand economic calendar will be fairly quiet, analysts expect that there are still many reasons for investors to buy the ‘Kiwi’.
After opening last week at the level of 1.9493, GBP/NZD attempted to climb before spending most of the week plunging. Towards the end of last week, GBP/NZD touched on a low of 1.9183. This was the worst level for GBP/NZD in around a month and a half, since the beginning of March.
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