NZ dollar falls against British pound as Bank of England minutes seen more positive

Wed, 22 Apr 2015

By Tina Morrison April 23 (BusinessDesk) - The New Zealand dollar declined against a stronger British pound after upbeat minutes from the Bank of England's last meeting, stoking expectations the next move in UK interest rates will be higher. The kiwi dropped to 50.92 British pence at 8am in Wellington, from 51.39 pence at 5pm yesterday. The local currency slipped to 76.60 US cents from 76.81 cents yesterday. The pound, measured against a trade-weighted basket of currencies, rose after BOE policymakers were more upbeat on the Eurozone a...

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