Could the Bank of England minutes affect GBP NZD exchange rates?
By Leigh Smith At 9.30am this morning the Bank of England release the minutes from their October meeting. With rumours circulating that the minutes will contain detail of the end to the central banks Quantitative Easing, printing of money, programme, we could see some volatility on the markets this morning. Already the Pound has strengthened against nearly every major currency accross the globe, apart from the Kiwi Dollar, showing a 0.3% fall during this mornings trading so far. This may be a sign of heavier losses to come; therefore if you have a requirement to send money to New Zealand or exchange Sterling for Kiwi Dollars it may be worth getting in touch with one of our experienced currency brokers sooner rather than later.
