NZ dollar falls to 3-week low against pound as Carney sees less need for stimulus

Wed, 28 Jun 2017

By Jonathan Underhill June 29 (BusinessDesk) - The New Zealand dollar fell to a three-week low against the pound after Bank of England governor Mark Carney signalled it may be necessary to remove some of the bank's monetary stimulus, suggesting interest rates could be raised as British economic growth picks up. The kiwi dropped to 56.50 British pence as at 8am in Wellington, and earlier touched 56.16 pence, from 56.77 pence late yesterday. It traded at 73.09 US cents, up from 72.76 cents yesterday. Carney told a European Central Bank c...

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