NZ dollar touches 3-month high vs. British pound after weak UK inflation data

Tue, 13 Oct 2015

By Tina Morrison Oct. 14 (BusinessDesk) - The New Zealand dollar touched its highest in more than three months against the British pound after UK inflation unexpectedly turned negative last month. The kiwi touched 44.08 British pence overnight, its highest level since June 25, and was trading at 43.78 pence at 8am in Wellington, from 43.61 pence at 5pm yesterday. The local currency was little changed at 66.71 US cents from 66.62 cents yesterday. The British pound weakened after a report showed consumer price inflation turned to an annu...

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