GBP/NZD Exchange Rate Rises as ‘Kiwi’ Falters on Weak Chinese Economic Data


Source: torfx.com torfx.com

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By David Moore on March 2 2021 in GBP to NZD , Weekly Forecast The Pound to New Zealand Dollar (GBP/NZD) exchange rate rose this morning following news that China’s factory growth had slowed last month. With China being New Zealand’s largest trading partner, this has sparked concern for the economy going forward. What’s Been Happening: GBP Rises on Growing Confidence in UK Economy The Pound performed strongly against the New Zealand Dollar during last week’s session, despite struggling in the first half. Confidence continued to grow in the UK’s economy thanks to the Government’s swift rollout of Covid-19 vaccines....