The New Zealand Dollar has come under pressure after the Reserve Bank of New Zealand raised market expectations that it would cut interest rates twice before the year is over.
The Pound to New Zealand Dollar exchange rate can remain supported into the midweek policy decision at the Reserve Bank of New Zealand.
The rising odds of an interest rate cut in November could weaken the New Zealand Dollar further.
The New Zealand Dollar extended a soft run after a new business survey showed a continued deterioration in economic sentiment and raised the odds of an interest rate cut at the Reserve Bank of New Zealand in H2.