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Pound To New Zealand Dollar Rate Forecast: Brexit Deal Could Mean Bigger GBP/NZD Rates Recovery

Despite concerns about the possibility of a no-deal Brexit, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been trending with an upside bias over the past week. The New Zealand Dollar remains fairly appealing overall, but the Pound could be in for an even bigger recovery in the coming week if a Brexit deal is finally reached. The possibility of a no-deal Brexit persists though, and weakness in New Zealand Dollar rivals could mean more NZD strength as well. After opening last week at the level of 1.8669, GBP/NZD spent the week trending higher as it rebounded from the previous week’s yearly worst level of 1.8575.

Exchange Rates Today 18 12 2020: UK Pound Falls Back After No Deal Very Likely , Euro-Dollar At Risk Of Correction

Exchange Rates Today 18 12 2020: UK Pound Falls Back After No Deal Very Likely , Euro-Dollar At Risk Of Correction
exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.

Australian Dollar Keeps Advancing Despite The Latest Covid-19 Outbreak

Foreign Exchange Markets continue to see past bad news and both the S&P500 and AUD/USD exchange rate continue to correlate and are at the highs of the year. Record Covid-19 daily deaths in the US and a fresh Covid outbreak in New South Wales have not dented uptrends. The robust Australian economy has been able to weather restrictions. It seems the potential trade war with China is the only dark cloud on the horizon. Friday s session concludes the last full week of trading in 2020. Stocks are slightly lower while the USD is bouncing slightly, but with most risk markets at or near their yearly highs, whatever happens over the remainder of the year isn’t likely to change the bullish look.

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