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GBP/USD At Risk of Being a Victim to BoE Rate Bets, Why is NZD Weak After RBNZ Hike?

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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