Currency - GBP / New Zealand Dollar

The market awaits interest rate announcement from the Reserve Bank of New Zealand (RBNZ) tonight with bated breath. The RBNZ are expected to slash rates a record 1.50% to 5.00% in an attempt to avoid the worst recession in 18 years.
The new National government has stated they will cut income taxes and inject more government spending in the building of roads and schools to fiscally stimulate the economy - good luck Prime Minister Key, you will need it.
The frustrating thing for NZ migrants is the weak pound which normally in a global recession would be expected to stay reasonably firm. But alas the pound has fallen 31% against the USD, exactly the same percentage fall as the NZD has suffered against the greenback. This has meant that instead of the GBPNZD rate rocketing to levels above NZ$3.00 on the slide of the riskier Kiwi dollar, we sit at familiar unspectacular levels around NZ$2.75.
Unfortunately we expect the pound to be sold further against the US dollar in the next 6 months so unless the speed of the NZDUSD decline is greater, we will have to get used to levels between NZ$2.65 and NZ$2.80 for now.