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New Zealand Economic Downturn Worsens Ahead of RBNZ Inflation Survey /
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2024-06-29 02:05:20

New Zealand Economic Downturn Worsens Ahead of RBNZ Inflation Survey on Nostr: GBP/NZD Exchange Rate Declines as UK GDP Data Raises Concerns of Interest Rate Cuts ...

GBP/NZD Exchange Rate Declines as UK GDP Data Raises Concerns of Interest Rate Cuts
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#f21a6912 ver:0.26

Concerns of interest rate cuts in the UK have caused the GBP/NZD exchange rate to decline. Strong UK GDP data has raised worries about potential cuts by the Bank of England. The upcoming UK parliamentary election on July 4th adds to the uncertainty. Technical signals suggest the pair could lose more ground in the short-term. Sell below 2.0760 with a stop loss of 2.0890 and a target price of 2.0690. #GBP #NZD #exchange #interestrates...

#newstr #Gbp/nzd #ExchangeRate #Gdp #BankOfEngland #ParliamentaryElection

https://here.news/story/f21a6912?ver=0.26
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