Great Britain Pound / New Zealand Dollar (GBP/NZD)

The GBP/NZD pair is one of the world's most-traded fiat currencies. Traders can trade this pair directly without being converted. The GBP/NZD is a cross-currency pairing that has been growing in volume over recent years, driven by traders worldwide who are keen to cut costs and avoid volatility associated with the greenback. The fact that non-USD pairs are nοw more commοnly traded alsο means spreads have tightened, making it even cheaper tο move from one currency tο another.

One of the main factors affecting the GBP/NZD rate is the economic health of the UK and New Zealand and the political events. For example, Brexit's ongoing turmoil continues to weigh on the pound's value. The price of Britain pound and the New Zealand dollar can also be influenced by monetary policies enacted by the Bank of England and the Reserve Bank of New Zealand. As the latter is a commodity-based currency, the country's main trading partners are Australia, China and the US, and so NZD can face uncertainty if economic growth declines in any of these nations.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as GBP and NZD. At the same time, there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.