GBP/NZD has slightly declined on Tuesday. The pair is moving within a horizontal channel that started to form last Thursday. Currently, GBP/NZD is fluctuating closer to the support line of the channel, waiting for new hints from the UK parliament regarding Brexit.

One British pound now buys 2.0191 New Zealand dollars, which is 0.10% less than yesterday.

The pair is now sensitive to any news coming from the UK, where the parliament is debating a Brexit bill this week.

House of Commons Speaker Rules Out Brexit Vote

On Monday, John Bercow, Speaker of the UK parliament’s House of Commons, refused another “yes or no” vote on Brexit to be held this week. He argued that the proposal is quite the same as that of Saturday, and it didn’t make any sense to repeat it.

Bercow said:

“Today’s motion is in substance the same as Saturday’s motion, and the house has decided the matter. Today’s circumstances are in substance the same as Saturday’s circumstances.”

On Saturday, UK Prime Minister Boris Johnson failed to obtain the parliament’s approval for his latest Brexit deal that had been agreed earlier last week with European leaders.

Now that the so-called meaningful vote was ruled out, MPs have to pass the Withdrawal Agreement Bill (WAB), which has to be thoroughly scrutinized by both the House of Commons and the House of Lords, which might require several weeks instead of days.

The refusal of another yes or no vote put additional pressure on GBP/NZD, but the pair has enough support given that the risk of a no-deal Brexit is reduced. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.