The New Zealand dollar (NZD) is expected to remain under pressure in the near term, with analysts at ANZ Research maintaining a mid-year target of 0.55 against the U.S. dollar.
The Pound has reached its highest level since December 2015, but now looks prone to a pull back in order to correct from overbought conditions.
The British Pound is consolidating against the New Zealand Dollar as markets await fresh data and developments.
The New Zealand Dollar strengthened after the Reserve Bank of New Zealand (RBNZ) appeared to have performed a final 50 basis point interest rate cut.