Forex Flash: NZ-UK rate differential to keep NZD/GBP at highs - BNZ

Heavy NZD/GBP demand limited the downgap in NZD/USD earlier today, says Mike Jones, currency strategist at BNZ. NZD/GBP has risen to around 0.5540 – a new post float high, with Mike predicting "further gains likely", noting that "pressure on the BoE to rescue the UK is mounting and NZ-UK interest rate differentials are likely to keep moving higher."