NZ dollar falls vs pound after strong UK inflation, little changed vs greenback

Tue, 13 Jun 2017

By Jonathan Underhill June 14 (BusinessDesk) - The New Zealand dollar fell from a three-month high against the pound after stronger-than-expected UK inflation weakened the case for further Bank of England rate cuts and was little changed against the greenback ahead of the Federal Reserve statement and domestic growth data. The kiwi fell to 56.57 British pence as at 8am in Wellington from 57.12 pence late yesterday. It traded at 72.20 US cents from 72.24 cents. In the UK, the core consumers price index rose 2.6 percent in May from a yea...

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