NZ dollar jumps to two-week high vs pound on Bank of England rates outlook

Thu, 02 Nov 2017

By Jonathan Underhill Nov. 3 (BusinessDesk) - The New Zealand dollar gained to a two-week high against the pound after the Bank of England raised interest rates for the first time in more than 10 years but said further hikes would be gradual, a more dovish view than the market was expecting. The kiwi rose to 52.94 British pence as at 8am in Wellington from 52.10 pence late yesterday. It traded at 69.14 US cents from 69.22 cents yesterday and the trade-weighted index was little changed at 73.23 from 73.22. Policymakers at the BoE voted...

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