NZ dollar touches month-high vs. sterling after BOE talks down currency

Mon, 10 Mar 2014

By Tina Morrison March 11 (BusinessDesk) – The New Zealand dollar touched a month-high against the British pound after a Bank of England official talked down the value of sterling. The kiwi rose as high as 50.92 British pence early this morning, matching the level it reached a month ago, and was trading at 50.84 pence at 8am in Wellington from 50.56 pence at 5pm yesterday. The local currency was little changed at 84.64 US cents from 84.61 cents yesterday. Sterling weakened after Bank of England deputy governor Charlie Bean said further appr...

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