NZ dollar rises to 6-month high vs pound as BoE seen delaying rate hike

Mon, 14 Dec 2015

By Tina Morrison Dec. 15 (BusinessDesk) - The New Zealand dollar touched a six-month high against the British pound after comments by Bank of England deputy governor Minouche Shafik pushed out expectations for a rate hike. The kiwi reached 44.86 British pence, and was trading at 44.74 pence at 8am in Wellington, from 44.15 pence at 5pm yesterday. The local currency jumped to 67.76 US cents, from 67.07 cents yesterday ahead of this week's Federal Reserve interest rate decision. The pound sunk after the BoE's Shafik said in a speech to t...

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