There is some suggestion that the next set of economic data out of the UK may surprise to the upside, but it still won't be pretty. It may be enough to give the unloved GBP a boost though...
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Looking through this thread, everyone couldnt have got it more wrong
In the short run there could be some pressure on GBP and some volatility in it. It should bounce back when the dust settles and should appreciate against NZD.
https://www.tvnz.co.nz/one-news/new-...says-no-europe
Agree. The opportunity was when GBPNZD cracked 1.77 (over 56c for the NZDGBP thinkers) and it's unlikely to crack that with NZD strength.. For NZD, the best ratio of upside to downside for exposure to those currencies is in the Euro. If you have HKD or SGD then that's a difference story.
We're up 22% against the pound since the start of the year, just over 56p and very close to an all time high. I think the outlook for the pound remains very weak with Brexit concerns.
I am looking for 60p over the next few months.
I seem to always get currency wrong to.
Wow Sterling has made quite something of a comeback...I guess I can kiss goodbye to any chance of me being a successful currency trader !
Was thinking in the back of my mind about the vague possibility of parallel importing a later model Euro car if we got to 60p. I think the correction back down has probably saved me from any temptation and saved a lot of money, decent silver lining in that cloud :)
https://www.poundsterlinglive.com/nz...at-8-month-low
Pound Pushes Fresh8-Month High Against New Zealand Dollar
There has to be the possibility of the Pound over correcting if May pulls of the no deal brexit. What do you think ?