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By Tom Holian

Sterling has strengthened slightly this morning against the New Zealand Dollar following a week of negative news for the Pound.

By Michael Vaughan

New Zealand dollar rates have continued strengthening throughout the day bringing levels nearly 0.5% up against the pound. This movement is likely to be sterling weakness as opposed to dollar strength as the Bank of England minutes continue to weigh on the pound and national debt figures this morning showed a record deficit for the month of July.

By Rob Bastin

At 9:30am BST UK Retail Sales figures were announced and showed a year on year improvement of 3.3%, which is some 0.6% better than analysts had forecast. The amount of money in circulation in the UK has also seen a 1% improvment from last month, although despite these positive figures the pound has not seen any support to improve exchange rates for buying foreign currency. Sterling/New zealand dollar rates have so far dropped by 0.3% by late morning.

By Michael Vaughan

Sterling exchange rates fell against the New Zealand dollar continuing recent trends. Much of this can be attributed to the Bank of England minutes released this morning and the potential for further Quantitative Easing. With very little data out from New Zealand this week there is little reason to suggest why these patterns will not continue.

By Tom Holian

There was no data on the economy in New Zealand today but investors had a look at minutes from a Reserve Bank of Australia (RBA) meeting in August. The minutes showed that the Bank is unlikely to move interest rates any time soon giving the NZD some further strength against the Pound.