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NZD exchange rates have fallen this afternoon following early gains against the pound in the mornings session. Sterling has found support against a host of currencies and bringing the day movement for £/NZD to nearly 0.8% throughout the day. Sterling’s strength can be attributed to better than expected mortgage approvals with the figure coming in nearly 3,500 above the expected. With the housing market being so influential for the UK economy positive news like this has given sterling support against the Kiwi.