Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The GBP/NZD currency combination is not widely traded outside New Zealand, but it has yet a niche place to fill in the portfolio of the experienced investor. The performance of the pair depends on the relationships of two major world economies: the United Kingdom and New Zealand. They are affected by many unrelated factors that make this combination largely unsuited to novice traders, but in the hands of professionals it can be a great instrument fo the diversification.
Keep in mind that the main factors mostly affect the GBP/NZD are world oil prices, Brexit related news, EU monetary policy, Trade balances of both countries, other economic indicators with three marks (in the Economic calendar), raw materials and agricultural products prices, as well as the weather and climatic news.
If you are interested in trading the GBP/NZD currency pair, contact TNXTrade today and open trading account in several minutes.
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