Pound to New Zealand Dollar Forecast (Predictions for GBP to NZD) - September 2025

If you’re transferring money between the UK and New Zealand, here’s a quick look at what’s happening with the British pound (GBP) and the New Zealand dollar (NZD), and what it might mean for your money in September 2025.

GBP to NZD: Where It Stands

The British pound to New Zealand dollar exchange rate (GBP/NZD) is currently trading in a narrow range after recently reaching a four-month high.

Although it has cooled off a bit, it still shows potential to move higher if certain economic conditions line up.

What’s Driving gbp to nzd?

The biggest influences right now are decisions and expectations from the two countries' central banks: the Bank of England (BoE) and the Reserve Bank of New Zealand (RBNZ).

Bank of England

Recently, the BoE cut interest rates for the first time in a while, but they warned it could be the only cut for now.

That kind of cautious approach is called “hawkish”, and it makes the British pound more attractive to investors.

Reserve Bank of New Zealand

On the other hand, the RBNZ is expected to cut interest rates again in the near future.

This makes the New Zealand dollar less appealing and could cause it to weaken.

Economic data also matters a lot

UK inflation and business activity have shown signs of strength lately, which supports the pound.

Meanwhile, the New Zealand economy is facing slowdowns, though recent labor data was slightly better than expected.

What Do the Charts Say?

Technical charts show that GBP/NZD recently broke above a key resistance level around 2.2800. That’s a bullish sign, meaning there’s a good chance the exchange rate will go higher.

However, it now looks a bit overbought, this is like saying the price might have gone up too quickly.

A small pullback (price drop) wouldn’t be surprising, but the overall trend still favors further gains.

Important levels to watch:

• Support (where the rate might stop falling): 2.2717 and 2.2781

• Resistance (where the rate might stop rising): 2.3000 is the next visible target if bullish momentum continues

A short-term dip might take it back toward support, but unless bad news hits the UK, the upward path looks more likely overall.

What to Watch Next Month

Several key events could move the GBP/NZD rate in the days and weeks ahead:

• UK inflation data (CPI): If prices rise more than expected, the Bank of England may delay further rate cuts, which would support the pound.

• UK business surveys (PMIs): These will show how active the UK economy is. Strong numbers would be good for GBP.

• Reserve Bank of New Zealand’s interest rate decision: Markets expect a small cut. If they cut and hint at more cuts, NZD could weaken further.

• Global sentiment: If markets become nervous (a “risk-off” mood), the NZD often falls because it's seen as a riskier currency.

Risks Ahead

• If UK economic data surprises on the downside (like weaker growth or consumer spending), the pound could fall.

• If New Zealand avoids more rate cuts or shows strong business confidence, the NZ dollar might strengthen.

• Global market shocks (like political turmoil or unexpected inflation news in the U.S.) could stir up volatility in this pair.

What This Means If You’re Sending gbp to nzd Abroad

If you’re in the UK and planning to send money to New Zealand, the outlook is favorable.

Right now, £1 gives you more New Zealand dollars compared to earlier in the year, and this could continue in the short term.

However, there’s a risk that this trend could reverse temporarily if UK economic data weakens or if the RBNZ surprises markets by holding off on rate cuts.

If you’re not in a rush, keeping an eye on rates over the next few weeks could help you catch a better deal, but don’t wait too long, as global events can change the picture quickly.