NZ dollar falls vs. British pound as stronger UK manufacturing sector stokes rate hike speculation

Mon, 02 Nov 2015

By Tina Morrison Nov. 3 (BusinessDesk) - The New Zealand dollar fell against the British pound after a report showed UK manufacturing activity unexpectedly surged last month, stoking speculation about future interest rate hikes. The kiwi slipped to 43.63 British pence at 8am in Wellington, from 43.93 pence at 5pm yesterday. The local currency weakened to 67.29 US cents from 67.81 cents yesterday. The British pound jumped higher after the UK purchasing managers' index for the manufacturing sector rose to 55.5 in October, its highest lev...

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