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U.S INFLATION AT 9 YEARS HIGH

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Investors Await New Zealand PMIs
A lack of key UK data due in the coming days will likely leave the Pound to New Zealand Dollar exchange rate driven more by New Zealand data and global market sentiment.

New Zealand PMI data from March will be published in the coming sessions, with business NZ data due during Friday’s Asian session with services PSI data due on Monday.

Stronger than expected New Zealand PMI data could keep the New Zealand Dollar appealing and cause GBP/NZD to fall even further.

On the other hand, weaker New Zealand data or fresh market risk-aversion could make investors more eager to buy the Pound again instead, which would help GBP/NZD to recover some losses.

Sterling’s outlook is unlikely to change much in the coming days unless there is a surprise in Britain’s coronavirus situation. The Pound will remain fairly appealing otherwise.

Looking ahead, next week’s key data including UK job market and New Zealand inflation stats could also influence the Pound New Zealand Dollar (GBP/NZD) exchange rate.