NZ dollar extends gains vs pound on reduced bets BoE will hike next month

Sun, 29 Apr 2018

By Jonathan Underhill April 30 (BusinessDesk) - The New Zealand dollar gained against the British pound, touching a week-high in New York, after figures showed the UK economy barely grew in the first quarter, denting expectations the Bank of England will hike interest rates next month. The kiwi dollar traded at 51.39 British pence as at 8am in Wellington, having touched a week-high 51.48 pence in New York on Friday, from 50.71 pence in Asia at the end of last week. The kiwi traded at 70.79 US cents from 70.83 cents in New York. The pou...

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