Pounds to New Zealand Dollars

New Zealand Dollar exchange rate

Later this evening in New Zealand the reserve bank delivers its latest policy announcement having raised interest rates by 100 points so far this year , the RBNZ is expected to hold fire at today’s meeting and leave rates on hold. However markets will watch closely on comments following the announcement on whether there will be future interest rate hikes.

Pound exchange Rates

Mark Carney may reveal tomorrow if he’s willing to turn the key on discussions the Bank of England keeps behind closed doors. A change in policy would mark another step in Carney’s ongoing revolution at the central bank, and might also be an opportunity to unveil any possible wider revamp of its decision-making machinery before the start of a rate tightening cycle. BOE officials face political pressure for more transparency even if they have reservations on how publication of their debates might impact what they say.

Sterling remains strong against the Aussie and New Zealand dollar hitting highs. It continues to struggle against the USD.

Best Euro Exchange Rates

Bad news for the European Central Bank may be good news for investors eager for it to start quantitative easing. The ECB will tomorrow issue a second round of long-term loans to banks as part of a plan to spur credit and boost inflation. A repeat of the lacklustre demand seen in the first round could signal that the central bank now has little choice but to step up its unconventional stimulus to include buying government debt.