NZD/GBP is taking a course on 0,5250 – Westpac

FXStreet – Imre Speizer, a market analyst at the Australian Westpac Bank, said that the continuing decline of the currency pair NZD/GBP soon the area in 0,5250 could reach. Blame it on the overall positive economic data from the United Kingdom. It remains to be seen whether this will change with the Brexit negotiations.

Important Quotes:

In this week’s trading, some real estate market data (8. / 11. 15. May) and industrial production data (11. – May) on the Agenda. The main event will be the meeting of the BoE and the quarterly inflation report (both are at 11. May be published).

3 months ahead of The elections on 08. June and the Brexit negotiations are dealing with the markets. We will stay here, and expect the NZD/GBP could recover to the end of the year to 0.66 and then to 0.60.

** FXStreet News Editorial, FXStreet**

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