NZ dollar gains vs pound after BoE keeps rates unchanged, cuts growth, inflation forecasts

Thu, 03 Aug 2017

By Jonathan Underhill Aug. 4 (BusinessDesk) - The New Zealand dollar rose against the British pound after the Bank of England kept its benchmark interest rate unchanged and lowered its forecasts for economic growth, inflation and wages citing the likely impact of exiting the European Union. The kiwi dollar gained to 56.60 British pence as at 8am in Wellington from 55.96 pence late yesterday. The kiwi rose to 74.39 US cents from 73.99 cents yesterday. BoE governor Mark Carney said the "speed limit" of the economy had slowed and economic...

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