GBPNZD March 2026 fundamental analysisBritish Pound/New Zealand DollarFX:GBPNZDOneirotradeFundamentals: BoE is at 3.75% with an easing bias; RBNZ is at 2.25%, but with forward guidance that rates will stay accommodative and only gradually normalise later. Relative to NZD, GBP still enjoys a sizable rate advantage and comes from a central bank that is closer to neutral than RBNZ, which has been easing. Recent trend & outlook: GBP/NZD is around 2.24–2.25 with small gains (~0.1%) over the past month, reflecting a slight sterling edge. Given NZD’s limited outperformance vs USD and the fact that AUD, not NZD, is the regional standout, NZD may lag other high‑beta FX. That leaves moderate scope for GBP/NZD to grind higher, especially if UK data hold up. Verdict: Buy GBP/NZD, mild preference for GBP vs NZD.