• GBP/NZD eased on Wednesday as pound softened against Kiwi ahead of UK election.
• Opinion polls show the centre-left Labour Party is set for a big win in Thursday's vote that would end 14 years of Conservative government and hand Starmer the keys to the prime minister's Number 10 Downing Street office on Friday morning.
• On the data front, S&P Global UK Services Purchasing Managers Index fell in June to 52.1 from 52.9 in May, its lowest reading since November but revised up from a preliminary estimate of 51.2.
• GBP/NZD focus is on 50%fib support, a break below will accelerate losses towards 2.0800 level.
• Immediate resistance is located at 2.0931(38.2% fib), any close above will push the pair towards 2.1124 (Higher BB).
• Strong support is seen at 2.0844(50%fib) and break below could take the pair towards 2.0743(61.8%fib).
Recommendation: Good to sell on around 2.0870 , with stop loss of 2.0950 and target price of 2.0800
