NZ dollar falls to 3-week low against British pound as BOE seen eyeing rate rises

Wed, 21 May 2014

By Tina Morrison May. 22 (BusinessDesk) - The New Zealand dollar fell to a three-week low against the British pound on the expectation a revival in the British economy may prompt the Bank of England to raise interest rates earlier than previously forecast. The kiwi touched 50.57 British pence early this morning and was trading at 50.65 pence at 8am from 50.79 pence at 5pm yesterday. The local currency was little changed at 85.61 US cents from 85.55 cents yesterday after minutes from the last Federal Reserve meeting showed policy make...

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