The Pound New Zealand Dollar (GBP/NZD) exchange rate plunged 1.2% lower on Wednesday evening after the Kiwi recovered losses following the RBNZ decision to leave rates unchanged at 5.50% at its monetary policy committee meeting. At the time of writing, GBP/NZD is trading at 2.06159, sharply lower than the day's opening levels. New Zealand Dollar (NZD) Exchange Rates Bounce Back Post RBNZ Slump GBP/NZD initially hit the best levels seen in three years following the Reserve Bank of New Zealand's (RBNZ) decision to pause its monetary tightening, holding the cash rate at 5.5%, as widely expected. This is the first ... (full story)