NZ dollar gains vs British pound after BoE officials raise concerns about slowdown

Sun, 22 May 2016

By Tina Morrison May 23 (BusinessDesk) - The New Zealand dollar rose against the British pound after Bank of England officials suggested that the UK's economic slowdown was due to more than just the risk the country could vote to leave the European Union. The kiwi jumped to 46.60 British pence at 8am in Wellington, from 46.32 pence on Friday. The local currency was little changed at 67.56 US cents from 67.62 cents at the New York close and 67.60 cents on Friday. The British pound had broadly improved last week on optimism voters would...

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