Gbp v nzd latest news

Here are the latest news and updates on the GBP/NZD currency pair:

Current Rate: 1 GBP = 2.044 NZD (as of [current date])

Recent News:

1. UK Inflation Rate Rises to 2.5%: The UK's Consumer Prices Index (CPI) rose to 2.5% in January, exceeding expectations and sparking concerns about the Bank of England's (BoE) ability to meet its inflation target. This could lead to a stronger GBP. (Source: Reuters)
2. New Zealand GDP Growth Slows: New Zealand's GDP growth slowed to 0.6% in the fourth quarter of 2022, missing expectations. This could lead to a weaker NZD. (Source: Bloomberg)
3. UK-EU Trade Talks Resume: The UK and EU have resumed trade talks, with the UK seeking to secure a new trade deal before the end of the transition period. A successful agreement could boost the GBP. (Source: BBC)
4. New Zealand Interest Rates Unchanged: The Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 0.25% in February, citing the need to support the economy during the pandemic. This could lead to a weaker NZD. (Source: Stuff.co.nz)
5. GBP/NZD Technical Analysis: The GBP/NZD pair is trading within a range of 1.9800-2.0600. A break above the upper end of the range could signal a bullish trend, while a break below the lower end could indicate a bearish trend. (Source: FXStreet)

Economic Indicators:

• UK: Inflation Rate (February), GDP Growth Rate (Q4 2022)
• New Zealand: GDP Growth Rate (Q4 2022), Employment Change (February)

Key Levels:

• Support: 1.9800
• Resistance: 2.0600
• Pivot Point: 2.0200

Trading Recommendation:

• Long-term traders: Consider buying the GBP/NZD pair if it breaks above the resistance level of 2.0600.
• Short-term traders: Consider selling the pair if it breaks below the support level of 1.9800.

Please note that this is not investment advice, and you should consult with a financial advisor before making any trading decisions.