The pound-New Zealand dollar exchange rate drops 0.40% to 2.2930 on Monday, amidst a solid start to the new week for NZ exchange rates.
The New Zealand dollar is rising on rate hike bets, but a rapidly weakening economy may not hold.
Singapore-based OCBC says expectations for New Zealand dollar outperformance need a "reality check".
GBP/NZD could soon break out of its short-term consolidative spell.
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