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GBP/NZD could drop significantly as BoE, RBNZ policy divergence grows

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    This week’s sheer number of top-tier economic data from the UK economy means the focus will be on sterling, which has been pounded recently because of receding expectations about a Bank of England rate rise this year. In fact, as my colleague Matt Weller reported earlier, contrary to economists’ expectations of a rate rise, traders have actually started to expect a rate cut as the more likely scenario. Their conviction is only likely to grow should this week’s UK macroeconomic data disappoint

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