NZ dollar gains vs. pound on dovish Bank of England; Fonterra statement looms

Thu, 06 Aug 2015

By Jonathan Underhill Aug. 7 (BusinessDesk) - The New Zealand dollar gained against the pound after minutes of the last Bank of England meeting showed its board is more dovish than expected and sees a tamer track for inflation. The kiwi rose to 42.22 British pence as at 8am in Wellington, from 41.84 late yesterday ahead of the Bank of England's policy review on Thursday in London. It rose to 65.52 US cents from 65.38 cents. The pound was broadly weaker after the Bank of England left its policy rate unchanged at 0.5 percent as expected ...

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