NZ dollar tumbles vs pound on BoE rate hike view, falls vs greenback

Thu, 14 Sep 2017

By Jonathan Underhill Sept. 15 (BusinessDesk) - The New Zealand dollar fell to a four-month low against the pound after the Bank of England said it may hike interest rates in coming months and declined against the greenback as the latest political poll put the Labour Party back on top. The kiwi dollar dropped to 53.82 British pence as at 8am in Wellington and earlier touched 53.64 pence, the lowest since late May, from 54.87 pence late yesterday. It fell to 72.11 US cents from 72.54 cents. The pound surged 1.4 percent against the green...

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