🎈 Growth Outperformance Drives GBP/NZD to Fresh YTD Highs: Cable FX Macro
- Rosbel Durán
- Apr 24, 2023
- 1 min read
**As seen in Macro Walk report 04/21/23, subscribe at cablefxm.co.uk/reports
GBP/NZD spot rises to fresh YTD highs, above 2.02. The move comes as the differential between U.K. and N.Z. economic surprises hits 137.5 points
The Citi economic surprise index for New Zealand dropped below 0.0 back in mid-March, it has now extended declines to -50.0. Meanwhile, the U.K. equivalent has risen for three-straight weeks, last at 87.4
In an absolute basis, the U.K. CESI now leads the G10, it is followed by the EUR and USD indexes
We would like to thank all of our readers, especially Miad for catching this one
Opmerkingen