NZ dollar rises to 2-month high vs. pound after report shows no British inflation

Tue, 24 Mar 2015

By Tina Morrison March 25 (BusinessDesk) - The New Zealand dollar rose to a two-month high against the pound after a report showed Britain had no inflation last month, stoking speculation the Bank of England won't raise interest rates any time soon. The kiwi hit 51.54 British pence and was trading at 51.50 pence at 8am in Wellington, from 51.10 pence at 5pm yesterday. The local currency advanced to 76.46 US cents from 76.28 cents yesterday. The pound weakened after data showed British annual inflation hit zero for the first time on rec...

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