NZ dollar falls to one-week low vs British pound after BoE's Carney says next move is up

Sun, 29 Mar 2015

By Tina Morrison March 30 (BusinessDesk) - The New Zealand dollar fell to a one-week low against the British pound after Bank of England governor Mark Carney said the next move in interest rates would be an increase, despite record low inflation. The kiwi touched 50.68 British pence, and was trading at 50.71 pence at 8am in Wellington, from 51.03 pence at 5pm on Friday. The local currency was at 75.52 US cents from 75.58 cents at the New York close and 75.81 cents on Friday. BoE governor Carney, speaking as part of a panel discussion a...

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