{"id":47041,"date":"2019-10-18T04:35:14","date_gmt":"2019-10-18T08:35:14","guid":{"rendered":"https:\/\/currencylive.com\/?p=47041"},"modified":"2019-10-18T04:05:44","modified_gmt":"2019-10-18T08:05:44","slug":"101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\/","title":{"rendered":"GBP\/NZD: GBP Waiting for UK Parliament\u2019s Brexit Vote Scheduled for Saturday"},"content":{"rendered":"

The GBP\/NZD pair departed from the one-month peak during the Asian session, declining by 0.68%. The pair remains sensitive to any news regarding Brexit. UK Prime Minister Boris Johnson secured the approval of European leaders for a no-delay Brexit deal, but he has to pass it through the Parliament vote on Saturday.<\/p>\n

Yesterday, GBP\/NZD broke a support line of an uptrend that started on October 10. The pair is persuasively looking downward, though this might be only a temporary retreat amid a longer-term uptrend that began in mid-July.<\/p>\n

Currently, the pair is fluctuating around 2.017 as of 05.20 AM UTC.<\/p>\n

Brexit End in the Hands of DUP <\/strong><\/p>\n

When it comes to Brexit, there is good news and bad news. Yesterday, Johnson met with the European Union (EU) leaders and secured their unanimous approval for a Brexit deal that wouldn\u2019t see another delay beyond the current date of October 31.<\/p>\n

However, the Prime Minister has to obtain support at home. On Saturday, the Parliament should pass the deal with at least 320 votes out of 650 seats.<\/p>\n

The votes of Northern Ireland\u2019s Democratic Unionist Party (DUP) with its 10 seats will be crucial, but it said it would oppose the current withdrawal agreement, which added to the concerns that the saga will continue beyond the deadline.<\/p>\n

The DUP\u2019s position put pressure on the pound, which has lost strength against all majors, including the New Zealand dollar.<\/p>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.<\/p>\n

For example, it could be written:<\/p>\n

1 GBP = 2.03<\/span> NZD<\/em><\/p>\n

Here, 1 GBP is equivalent to approximately 2.03<\/span> NZD<\/em>. This specifically measures the Pound worth against the New Zealand Dollar. If the NZD amount increases in this pairing, it\u2019s positive for the GBP.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 NZD = 0.49 GBP<\/em><\/p>\n

In this example, 1 NZD is equivalent to approximately 0.49 GBP<\/em>. This measures the New Zealand dollar’s worth versus the British Pound. If the GBP number gets larger, it\u2019s good news for the NZD.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

This publication is provided as general information only and is not intended as an exhaustive treatment of its subject. TransferWise Inc. and its affiliates (“we” or “us”) expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of this publication, and 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 in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from us.\u00a0 We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The GBP\/NZD pair departed from the one-month peak during the Asian session, declining by 0.68%. The pair remains sensitive to any news regarding Brexit. UK Prime Minister Boris Johnson secured the approval of European leaders for a no-delay Brexit deal, but he has to pass it through the Parliament vote on Saturday. Yesterday, GBP\/NZD broke […]<\/p>\n","protected":false},"author":163946598,"featured_media":47045,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1659],"tags":[1396,1386,1662,1515,1394,1661,1649],"class_list":{"0":"post-47041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-nzd","9":"tag-boris-johnson","10":"tag-brexit","11":"tag-brexit-vote","12":"tag-dup","13":"tag-gbp","14":"tag-new-zealand-dollar","15":"tag-nzd"},"acf":[],"yoast_head":"\nGBP\/NZD: GBP Waiting for UK Parliament\u2019s Brexit Vote Scheduled for Saturday - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/NZD: GBP Waiting for UK Parliament\u2019s Brexit Vote Scheduled for Saturday\",\"datePublished\":\"2019-10-18T08:35:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\\\/\"},\"wordCount\":501,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/GBP-nzd-Waiting-UK-Parliament-Brexit-Vote-Scheduled-Saturday.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"brexit vote\",\"DUP\",\"gbp\",\"new zealand dollar\",\"nzd\"],\"articleSection\":[\"GBP\",\"NZD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101266-gbp-waiting-for-uk-parliaments-brexit-vote-scheduled-for-saturday\\\/\",\"name\":\"GBP\\\/NZD: GBP Waiting for UK Parliament\u2019s Brexit Vote Scheduled for Saturday - 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