GBP/NZD is trending higher, and we see little reason to stand in the way of a setup that favours modest gains in the coming days.
Soft quarter-three inflation keeps the door ajar to further RBNZ interest rate cuts and keeps the NZ Dollar on the back foot.
Pound Sterling is forecast to maintain a bullish trend against the New Zealand Dollar in the short term, although roadbumps ahead include inflation numbers out of both the UK and NZ.
The New Zealand dollar (NZD) is facing significant headwinds, with a potential downside of nearly 6% by the end of 2025, according to a new report from Wells Fargo Economics.