GBP/NZD

Fundamentals favour the New Zealand Dollar by 12 points.

On the Macro Currency Strength Meter, the British Pound scores -10 and the New Zealand Dollar scores +2 — a gap of 12 points in favour of the New Zealand Dollar. The widest divergence is in growth, which favours the New Zealand Dollar. All else equal that gap is a fundamental tailwind for the New Zealand Dollar against the British Pound — though markets may already have priced much of it in.