Written by Colin Lawrence in GBP to NZD, on 16 Mar 2020
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New Zealand is the latest nation to see its central bank announce an emergency interest rate cut, and the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been rebounding slightly today as a result. Still, as the number of coronavirus cases in Britain rises and the government’s response confuses markets, the Pound remains under pressure and its rebound attempts have been limited. Both the Pound and New Zealand Dollar outlooks are much lower due to the coronavirus outlook.
After opening last week at the level of 2.0525,