GBPNZD Represents Strong Fundamentals But its Extended

BoE interest rate expectations have strengthened materially while the RBNZ is still suffering from its rate cut earlier this month. That is a strong fundamental divergence, but it won't just keep the market running at this pace forever. With a lull in key data and an over-extended position, a pull back is a strong force. I am not building a big position on this, but the short side looks a good speculative approach.