Barclays trade of the week is going long......>

FOREX: Barclays trade of the week is going long GBPNZD (entry: 1.9354; target:

2.00, above highs reached in December 2017; stop-loss: 1.905). Barclays suggest

that "the cross has low sensitivity to risk sentiment & highlight the positive

seasonality for the GBP in April - the GBP has not had a down month in April in

the past 10 years with an average gain of 2.2% against the USD. UK political

uncertainty is continuing to fade, with our latest Brexit Investor Survey

suggesting that investor sentiment has improved significantly following the

developments leading up to the March EU Summit. While our expectations for UK

inflation, retail sales and wages this week are broadly in line with consensus,

momentum is positive for GBP and we think further gains are likely. UK-EU

informal negotiations may generate some noise for GBP markets and present risk

to the trade, however. In New Zealand, we see the possibility of a weak

inflation print this week, given soft pricing intentions and business confidence

in the latest Quarterly Survey of Business Opinion."