The pound to New Zealand dollar exchange rate is 0.675% lower with 1 GBP = 1.9099 NZD. The pound avoided further losses as a result of some poor Australian jobs data. "Australian jobs data was disappointing overnight. We saw the unemployment rate rise from 5.1% to 5.3%, which represents a ten-month high. This takes some of the shine off Wednesday morning’s strong GDP figure, and will reduce the chances of an RBA rate hike and indeed will reintroduce bets on a rate cut," says Richard Driver at UK money transfer and FX brokerage company Caxton Fx. GBP to AUD continues to trade at a one month low, and only a couple of cents off all time lows. The return of risk appetite amid the stock market turmoil has really driven this pair lower and the aussie dollar is looking very strong again. New Zealand dollar The pound to New Zealand dollar exchange rate ceded a cent yesterday, mainly due to sterling weakness than any broader kiwi outperformance. "For as long as there remain hopes of QE3 in the US and a rate rise from the RBNZ, there remains plenty of upside potential for the kiwi dollar. Against the pound, the prospect of monetary stimulus in the UK also enabled the kiwi to makes gains yesterday. Asian stocks enjoyed their second consecutive day in the green overnight, which kept risk appetite moderately supported," says the money transfer company. GBP NZD is trading at 1.9150; sterling may avoid further major losses in the absence of a surprise move by the BoE to introduce more quantitative easing today.

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