GBP/NZD is based on the value of the British pound against the New Zealand dollar. The price reflects how many New Zealand dollars (the quote currency) are needed to buy one pound sterling (the base currency). GBP/NZD is a cross-currency pairing, meaning that they can be traded directly without being converted into USD first. This forex pair can be affected by the health of both economies, with economic indicators such as GDP growth, employment figures and inflation rates playing an important part in volatility. As the NZD is a commodity-based currency, it can also appear unstable if there is uncertainty with soft commodities, such as dairy. View our GBP/NZD chart and start spread betting or trading CFDs.