By Michael Vaughan

Sterling has lost ground throughout the course of the day against the kiwi dollar falling just over 0.5% on the day’s trading. With very little data released today those with a sterling/NZD requirement should keep an eye on data released overnight. At 04:00 am BST we have business confidence data released from the National Bank of New Zealand. Should we see an increase in confidence the recent run for the kiwi against sterling may well continue.