Currency Pick of The Week
GBP/NZD: Bull homecoming? Thu, Jul 30 2009, 15:08:50 GMT In the recent past, the GBP/NZD pair touched the May 2009 low of 2.4900, after hitting the July high of 2.6112. The pair has been in a sideways downtrend since last April 2008, dancing in a wide band of 2.5820 – 2.4978. Due to a fall in the GDP (YoY) number, M4 money supply, and an increase in the ILO UK unemployment number, the Cable took a beating and plunged 4.64% after testing the current month’s high of 2.6112. On the daily