NZ dollar touches six-month high vs British pound as BoE rate hikes pushed out

Mon, 28 Dec 2015

By Tina Morrison Dec. 29 (BusinessDesk) - The New Zealand dollar touched a six-month high against the British pound as investors push out expectations for a hike in UK interest rates. The kiwi touched 46.06 British pence, and was trading at 45.98 pence at 8am in Wellington, from 45.83 pence at 5pm yesterday. The local currency was little changed at 68.42 US cents. The pound has fallen out of favour as investors push out expectations for when the Bank of England may hike interest rates. The BoE, which has kept interest rates at 0.5 perc...

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