The Pound New Zealand Dollar (GBP/NZD) exchange rate has reversed its recent decline and is now trending higher. The GBP/NZD pair is currently trading at NZ$2.0834, having firmed by almost 0.3% in the past 24 hours. The upward movement in the exchange rate can be attributed to several factors. Firstly, the Pound (GBP) has been buoyed by weakness in the US Dollar (USD) and bullish trading sentiment. Additionally, despite June's finalised manufacturing PMI printing below forecasts at 50.9, Sterling investors remained upbeat. Bets for an interest rate cut from the Bank of England (BoE) in September have buoyed the GBP, as inflationary pressure remains strong in the service sector, prompting markets to bet on hawkish forward action from the bank. On the other hand, the New Zealand Dollar (NZD) has traded in a mixed range, with weaker-than-forecast Australian data weighing it down, but supported by upbeat manufacturing data from China. The political environment in the UK is tense ahead of the general election, which adds to the uncertainty surrounding the Pound. The Pound to New Zealand Dollar exchange rate could be influenced by central bank developments from the Reserve Bank of Australia (RBA) or the Federal Reserve. The latest meeting minutes from the RBA may inspire headwinds for the 'Kiwi', while Fed Chairman Jerome Powell's speech could weaken the USD. With a lack of significant domestic data, the Pound's movement against the New Zealand Dollar will likely be driven by external factors. Technical signals indicate that the GBP/NZD pair could continue to trend higher in the short-term, with immediate resistance at 2.0890 and immediate support at 2.0755. It is recommended to buy above 2.0890, with a stop loss of 2.0760 and a target price of 2.0960 [8cd1b427].