Trading hours
GBP/NZD typically trades from Sunday 22:00 to Friday 22:00 UK time (5pm to 5pm New York time), with no daily break beyond a brief pause at some brokers around the 22:00 UK rollover. Times on your chart follow your broker's server clock.
| When | UK time | New York time | Note |
|---|---|---|---|
| Weekly open | Sunday 22:00 (21:00 in the gap weeks) | Sunday 17:00 | Typically, at most CFD brokers. Wellington and Sydney are already in their Monday morning. Spreads are often wide in the first minutes and there can be a gap from Friday's close. |
| Daily rollover | 22:00 each weekday (21:00 in the gap weeks) | 17:00 | The trading day ends and overnight financing (swap) is charged. There is typically no long break, but spreads widen for a few minutes and some brokers pause quotes briefly. |
| Friday close | Friday 22:00 (21:00 in the gap weeks) | Friday 17:00 | Typically. Many brokers stop a few minutes early, for example Pepperstone closes all markets 5 minutes early on Fridays. Closed all of Saturday. |
| Busiest hours | 07:00 to 11:00 | 02:00 to 06:00 | Typically. London's open with UK data. New Zealand news lands in the UK evening or night. |
Forex hours follow New York time: the week opens on Sunday and closes on Friday at 5pm New York time. For most of the year that is 22:00 UK. The US and UK change clocks on different Sundays, so in the gap weeks it is 21:00 UK. In autumn 2026 the UK moved back on 25 October and the US on 1 November; in spring 2027 the US moves forward on 14 March and the UK on 28 March, so from 14 to 28 March the open, close and rollover are at 21:00 UK and US data at 8:30am New York time lands at 12:30 UK instead of 13:30. European releases (UK, eurozone and Swiss) stay at the same UK time all year, because those countries change clocks on the same dates as the UK. New Zealand changes its clocks the opposite way to the UK (forward on the last Sunday of September, back on the first Sunday of April), so New Zealand releases move by two hours on a UK clock across the year. Times on your broker's chart follow its server clock, which many brokers set to GMT+2 in winter and GMT+3 in summer so the daily candle starts at the 5pm New York rollover. Check your broker's own contract page.
What is GBP/NZD?
GBP/NZD shows how many New Zealand dollars one British pound buys. If it reads 2.2500, one pound costs 2.25 New Zealand dollars. It is one of the more volatile crosses, with large daily swings in pips and wider spreads than the majors.
New Zealand's news comes in the UK evening or night and UK news at 07:00 UK, so the pair can move at both ends of the UK day. It tends to rise when markets are fearful, because the kiwi usually weakens then.
The trading sessions
Wellington and Sydney are open. RBNZ decisions and New Zealand data can move the pair here.
UK data at 07:00 and London's open often bring the biggest move of the day.
US data at 13:30 UK can shift risk mood. Kiwi liquidity thins after 17:00 UK.
Typically the busiest window for GBP/NZD.
Contract facts
One pip is 0.0001 (the fourth decimal place). Most brokers quote one more decimal, a tenth of a pip, often called a pipette or point.
1 standard lot = 100,000 pounds (the first currency in the pair). A mini lot (0.1) is 10,000 and a micro lot (0.01) is 1,000.
One pip (0.0001) on 1 standard lot is worth 10 New Zealand dollars (100,000 x 0.0001). On a mini lot (0.1) it is 1 New Zealand dollar and on a micro lot (0.01) it is 0.10 New Zealand dollars. Your platform converts it to your account currency at the current rate.
Most GBP/NZD trading happens in the spot market between banks and through CFDs. Cross rate futures volume is small, so CFD and spot prices are what most traders watch.
How far it usually moves
Varies with conditions; check the Average daily range indicator on WickSpeak for the current figure in pips. We do not publish a fixed number for GBP/NZD because we could not verify one from an official source.
What moves GBP/NZD
Expectations for UK interest rates are the biggest single driver of the pound.
UK inflation, wages, jobs and monthly GDP, all released at 07:00 UK, move the pound before London is fully awake.
Expectations for New Zealand interest rates drive the kiwi (the market's nickname for the New Zealand dollar).
Dairy is New Zealand's largest export, so Global Dairy Trade auction results can nudge the kiwi.
Like the Australian dollar, the kiwi tends to rise when markets are calm and fall when fear rises.
Scheduled events to watch
Sets UK interest rates for the pound side of GBP/NZD; eight a year, the next after today (5 November) is 17 December 2026, then 4 February and 18 March 2027.
Announced at 14:00 New Zealand time; the next is 9 December 2026, then 10 February 2027, and the RBNZ moves to eight decisions a year from 2027.
Published monthly by the Office for National Statistics, usually mid month; a surprise moves Bank of England expectations at once.
Stats NZ publishes at 10:45 New Zealand time; quarterly, so each release carries more weight than a monthly one.
Monthly from the ONS; wage growth is watched closely by the Bank of England.
Quarterly unemployment and wages from Stats NZ at 10:45 New Zealand time.
What it tends to move with
GBP/NZD tends to move the opposite way to NZD/USD.
GBP/NZD and GBP/AUD usually move in the same direction.
GBP/NZD has often risen in sell offs and fallen in calm, rising markets.
Tips for trading GBP/NZD
Size down
GBP/NZD often has large daily ranges and wide spreads. Use the Average daily range indicator; if your structure stop is more than about half the day's average range, the setup is too loose.
RBNZ and BoE days
A close back through the pre-decision range after either bank speaks proves the first move wrong.
London break
A London close beyond the Asian range is a direction idea; a close back inside proves it wrong.
Weekly levels
A rejection at the previous week's high is a short idea; a daily close above it proves it wrong.
Connect a cTrader account once and, if your broker offers GBP/NZD, it appears on WickSpeak at your broker's own prices. Key levels show the previous day high and low, pivot points, round numbers and average daily range levels with how many pips away each is, Time of day DNA shows when GBP/NZD has tended to move, and every indicator writes a plain-English reading on the live candle. A Playbook play can alert you, paper trade, or place a trade inside guardrails you set, only on a play where you switched live trading on.
Related markets
Sources: pepperstone.com, pepperstone.com, bankofengland.co.uk, ons.gov.uk, rbnz.govt.nz, stats.govt.nz. Checked 2026-11-05. Broker hours follow your broker's server clock and can differ.
Questions traders ask
What are GBP/NZD trading hours in the UK?
GBP/NZD typically trades from Sunday 22:00 to Friday 22:00 UK time, which is 5pm Sunday to 5pm Friday in New York. In the few weeks when the US and UK clocks change on different dates, the open and close are at 21:00 UK. It does not trade on Saturdays.
What is the best time to trade GBP/NZD?
Typically 07:00 to 11:00 UK, when London opens and UK data is released. New Zealand data and RBNZ decisions come in the UK evening or night and can also move it.
Why are GBP/NZD spreads wide?
Less is traded in GBP/NZD than in major pairs, so brokers usually quote wider spreads, especially around the 22:00 UK rollover and in quiet hours.
When is New Zealand data released in UK time?
Stats NZ usually publishes at 10:45 New Zealand time, which is 21:45 UK the evening before in UK winter and 23:45 UK in UK summer.
How much is 1 pip on GBP/NZD worth?
On 1 standard lot of 100,000 pounds, one pip (0.0001) is worth 10 New Zealand dollars. On 0.1 lots it is 1 New Zealand dollar and on 0.01 lots it is 0.10 New Zealand dollars. Your platform shows it in your account currency at the current rate.