Jul30
Sterling Spike
By Rob Bastin
At the close of business GBP/NZD exchange rates finishes some 1.35% better than they had opened in the morning. This was partially due to a strong day for the pound following better than expected UK house price data overnight, but was also aided by comments from the Bank of New Zealand claiming that the economy is still in a very ‘weak’ position ‘despite signs of levelling off in economic activity’.
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