NZD/GBP to target 0.56 during the week ahead - Westpac

In view of Imre Speizer, Research Analysts at Westpac, NZD/GBP ‘s recent rally remains intact, targeting 0.56 during the week ahead.

Key Quotes

“GBP is the worst performing major currency over the past month, partly reflecting a sharp fall in the Conservative party’s lead in the polls. The June 8th election which will dominate markets.”

“3 months ahead: Brexit negotiations, which begin in earnest on 19 June, remain a major risk for GBP. We stick with our view that NZD/GBP could rise to 0.57 by year end.”