Latest 10 news items tagged New Zealand
Sterling Jumps Again as Markets Focus on Central Bank Speculations and Developments
Published: 22 Jan at 1 PM 2020
Pound Sterling (GBP)
Following the Pound’s rebound on stronger than expected UK job stats yesterday, the Pound continued to advance today. Bank of England (BoE) interest rate cut speculation continued to soften as the day’s UK data from the Confederation of British Industry (CBI) also beat forecasts.
No notable UK data will be published tomorrow. Instead, the Pound’s movement may become steady as investors eagerly await Friday’s UK PMI projections from Markit.
Anticipation for tomorrow’s European Central...
Sterling Continues to Tumble as Hard Brexit Remains Major Possibility in Market Outlook
Published: 18 Dec at 4 PM 2019
Pound Sterling (GBP)
Investors continued to sell the Pound today following Tuesday’s plummet. Markets remained anxious amid revived hard Brexit fears and expectations for a 2020 filled with ongoing Brexit uncertainty.
UK retail sales will be published tomorrow, but Brexit and Bank of England (BoE) will be more influential. The Pound’s movement could be influenced if the BoE shifts stances on the UK economy due to political or Brexit developments.
The Euro’s movement was fairly mixed today. While Germany’s Ifo...
Sterling (GBP) Rises Ahead Election Day
Published: 11 Dec at 5 PM 2019
<h2>Pound Sterling (GBP) Rises Ahead of UK Election</h2>
On Wednesday, the Pound (GBP) edged higher against a handful of currencies as traders continued to remain optimistic that the Conservative Party would secure a majority in Thursday’s election.
However, a key opinion poll from YouGov revealed the Tories’ lead narrowed, with the party likely to win a majority of 28 seats rather than the earlier prediction of a 68 seat majority.
Added to this, pollsters could not rule out the option of a hung parliament....
Sterling (GBP) Buoyed by UK Election Optimism
Published: 4 Dec at 3 PM 2019
<h2>UK Election Optimism Buoys Pound Sterling (GBP)</h2>
The Pound (GBP) received an upswing of support on Wednesday as confidence the Conservatives would secure a win in next week’s election increased.
In YouGov’s latest poll Boris Johnson’s party boasted a nine-point lead against Jeremy Corbyn’s Labour which offset weak UK services data. This morning, Markit showed that while the services PMI was better than previous flash data, the sector suffered the sharpest decline in new work in over three years....
US Dollar (USD) Suffers as Safe-Haven Demand Dwindles
Published: 2 Dec at 5 PM 2019
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) fell against many of its competitors today after the UK Markit manufacturing PMI fell for its seventh month in a row, leaving Sterling investors feeling increasingly jittery over the health of the British economy.
UK political developments also remained in focus, with markets becoming increasingly concerned over the prospects of a hung parliament on the 12th December general election.
<h2>US Dollar (USD)</h2>
The US Dollar (USD) was compromised by increasing...
Stronger Eurozone Inflation Fails to Boost Euro Amid Focus on Politics and Global Trade
Published: 29 Nov at 4 PM 2019
Pound Sterling (GBP)
The Pound’s movement steadied towards the end of the week. While markets bet the Conservative Party will win next month’s UK General Election, these bets have been largely priced into the Pound and as a result further gains for the currency are limited.
Britain’s final November manufacturing PMI will be published on Monday. However, with less than two weeks until the election, Pound movement is likely to become increasingly focused on UK election polling in the coming weeks.
New Zealand Dollar (NZD) Rallies as Hawkish RBNZ Leaves Rates Unchanged
Published: 13 Nov at 5 PM 2019
<h2>UK Election Optimism Continues to Buoy Sterling (GBP)</h2>
The Pound (GBP) remained largely stable today despite further disappointing data, with inflation slumping to a three year low and increasing the chances the Bank of England’s (BoE) next move is a cut. This came after Tuesday’s data revealed that the number of people out of work increased and wage growth slowed.
However, Sterling continued to benefit from an upswing in political optimism thanks to the Brexit Party’s announcement that the party would not...
Sterling (GBP) Jumps as UK Avoids Recession
Published: 11 Nov at 5 PM 2019
<h2>Pound Sterling (GBP) Rises as UK Escapes Recession</h2>
The Pound (GBP) rose against a handful of currencies on Monday as data revealed the UK had escaped falling into recession during the third quarter of 2019. Sterling rallied despite the data showing the country saw the weakest annual growth since 2010 when the UK clawed its way out of recession.
Meanwhile, GBP received further support after Brexit Party leader Nigel Farage said his party would not contest the 317 seats the Conservatives won in 2017 which caused...
Sterling (GBP) Under Pressure Ahead of BoE Meeting
Published: 5 Nov at 4 PM 2019
<h2>Pound Sterling (GBP) Under Pressure as UK Service Sector Stagnates</h2>
The Pound (GBP) was left under pressure on Tuesday after data revealed the UK services sector was left flat in October as new business fell for the second month in a row.
Brexit uncertainty dented the sector, with the latest figure below trend, and was left at around the lowest level in ten-and-a-half years.
Looking ahead, it is likely Sterling will remain under pressure ahead of Thursday’s Bank of England (BoE) monetary policy meeting....
Sterling Sturdy despite Expected Month of Election Uncertainty
Published: 1 Nov at 3 PM 2019
Pound Sterling (GBP)
Despite concerns about an expected month of UK political uncertainty ahead of a December election, the Pound saw fairly solid demand over the past week. Investors are hoping that the ruling Conservative Party will perform well enough to pass its relatively soft Brexit plans.
Britain’s October construction PMI will be published on Monday, but Tuesday’s services data and Thursday’s Bank of England (BoE) policy decision are more likely to be influential.
Yesterday’s Eurozone data continued a...