GBPNZD is a currency pair that includes the national currencies of Great Britain and New Zealand. The British pound is considered one of the most expensive currencies in the world, its rate depends on the macroeconomic data of the UK economy, such as the interest rate set by the Bank of England, GDP level, inflation and unemployment figures. The rate of the New Zealand dollar depends on the value of agricultural products grown in the country on the commodity exchange. It should be noted that the indicators of the agricultural industry in New Zealand are influenced, among other fundamental factors, by weather conditions. An unfavorable long-term weather forecast for agriculture may lead to a decrease in the value of the New Zealand dollar. In addition, the value of NZD is influenced by the dynamics of the Australian dollar, so when carrying out a comprehensive analysis, it is necessary to pay attention to the macroeconomic data of Australia, which is the main trade partner of New Zealand. GBPNZD pair is characterized by high volatility. It can pass 250 to 350 points per day, which provides an opportunity to get a high profit in a short period of time. The pair is most active during the Pacific session.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
