NZD, GBP ANALYSIS AND NEWS
RBNZ Hikes Rates for the First Time in 7yrs, NZD Underperforms
The Pound is Likely to be Another Victim of Aggressive Tightening Bets
RBNZ HIKES RATES FOR THE FIRST TIME IN 7YRS
Overnight, the RBNZ raised interest rates by 25bps to 0.75%, marking the first hike in 7-years. The Bank also signalled that further withdrawal of stimulus will be needed. However, the initial move higher in the Kiwi had been quickly pared with the currency subsequen
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