GBP/NZD Hits Multi-year High Following RBNZ Policy Decision

Key Facts

The GBP/NZD exchange rate surged to reach its highest level in several years following the RBNZ meeting. Pound Sterling Live reported that the move was triggered by the market's reaction to the Reserve Bank of New Zealand's monetary policy stance, which weakened the NZD relative to the British Pound.

The Reserve Bank of New Zealand (RBNZ) maintained the interest rate at 2.75% on October 28, 2026, missing market forecasts of a 3% rate. This policy stance follows data from October 21, 2026, which showed the quarterly inflation rate slowing to 0.7% from a previous 1.5%.

The ANZ Business Confidence report for New Zealand is scheduled for release on October 29, 2026, with a forecast of 51.5. Investors are also awaiting New Zealand's unemployment rate and quarterly employment change data due on November 3, 2026.