Flash: Pricing of RBNZ rate hikes overdone - RBS

FXStreet (Bali) - According to Greg Gibbs, FX Trading Strategist at RBS, the market is getting ahead of itself pricing in RBNZ rate hikes, while adding that GBP is still a good long bet.

Key Quotes

"Weak NZ housing data suggests too much rate hikes are priced in over two years, and the NZD should weaken. The GBP is still our preferred long in light of its recent strength of activity and outlook for rates to rise sooner than other majors."