Pound-to-New Zealand Dollar Week Ahead Forecast Looks for Further Weakness

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The pound is forecast to stay under pressure against the New Zealand dollar in the coming days.

The pound to New Zealand dollar conversion (GBP/NZD) fell 0.60% on Friday, thanks largely to some genuine Kiwi strength.

NZ's dollar rose across the board in response to some welcome survey data that suggested the economy was turning a corner, and better days lay ahead.

The idea is that this lessens the odds of another rate cut at the central bank, providing some support to New Zealand interest rates and the currency.

The New Zealand manufacturing PMI rose to 51.4 from an upwardly revised 50.1, as New Zealand recovers from prior weakness.

Business NZ says the survey confirms emerging "signs of life" as four of the