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Pound to New Zealand Dollar Forecast: GBP Eight-Week Low as RBNZ Turns Hawkish

GBP/NZD slid to an eight‑week low after a hawkish shift by the Reserve Bank of New Zealand lifted the New Zealand dollar. The pair was trading around NZ$2.252–2.255, down roughly 1.9% over the week as markets repriced rate expectations following RBNZ guidance and comments from Governor Anna Breman. Sterlings’ weakness was compounded by sparse UK data and a report on rising youth unemployment. Near term, the UK services PMI and broader risk sentiment (including Middle East developments) are cited as key drivers; a weaker PMI would keep GBP under pressure, while improved risk appetite could support the Kiwi. Markets will also watch for further RBNZ signals on future rate moves.

Category

GBP/NZD

Sentiment

Bearish

Event

Policy impact

Reading time

1 min