GBP/NZD is akin to a coiled spring, with a risk the breakout move could be to the downside.
The New Zealand Dollar can appreciate over the coming months, says one of New Zealand's biggest lenders.
New Zealand Dollar Jumps on RBNZ Rate Cut
- Category: NZD
The New Zealand Dollar jumped by almost a per cent after the Reserve Bank of New Zealand cut the cash rate of 50bp to 4.25%.
NZD edged higher ahead of the Reserve Bank of New Zealand's (RBNZ) final monetary policy decision for 2024, as markets brace for a potential disappointment to dovish expectations.