• GBP/NZD dipped on Friday as investors digested this week’s Bank of England rate decision and Geopolitical developments
• Markets are refocusing on the UK outlook following the announcement that Finance Minister John Healey will unveil his first budget on October 28.
• Traders will closely watch the budget for clues on how the UK's new government plans to boost growth while keeping public finances under control...
• The BoE left interest rates unchanged on Thursday as it awaited greater clarity on the inflation impact of the U.S.-Iran conflict..
• Money markets continue to anticipate a minimum 25-basis-point rate increase by the end of the year.
• Immediate resistance is located at 2.2993 (50%fib), any close above will push the pair towards 2.3127(SMA20).
• Immediate support is seen at 2.2749 (38.2%fib) and break below could take the pair towards 2.2656(Lower BB).
Recommendation: Good to sell around 2.2900 , with stop loss of 2.3000 and target price of 2.2750
