Forex
RBNZ Rate Hike Looms Over GBP/NZD Exchange Rate
The Pound to New Zealand Dollar exchange rate was volatile last week, but at the time of writing, GBP/NZD traded at NZ$2.2824, virtually unchanged on the week.
Looking ahead, the focus for NZD investors will be the Reserve Bank of New Zealand's (RBNZ) interest rate decision during Wednesday's Asian trading session.
A rate hike from the central bank could boost the 'Kiwi', potentially trimming its gains if the latest ANZ consumer confidence index shows a deterioration in morale in August.