• GBP/NZD dipped on Friday as demand for riskier assets faded ahead of weekend.
• On the data front, Britain’s factory sector grew at its fastest pace in 15 months in December, though slightly below initial estimates, while confidence fell despite some relief from Finance Minister Rachel Reeves’ budget.
• A final PMI for Britain's services sector is due to be released on Tuesday next week..
• The BoE lowered its interest rate in a tight 5-4 vote last month, but policymakers hinted that they could slow their already gradual pace of easing in 2026.
• Immediate resistance is located at 2.3421(Daily high), any close above will push the pair towards 2.3550 (23.6%fib).
• Immediate support is seen at 2.3292(Daily low) and break below could take the pair towards 2.3170(38.2%fib).
Recommendation: Good to buy around 2.3300 with stop loss of 2.3200 and target price of 2.3380
