Sterling finishes down against kiwi

Sterling came under selling pressure against the New Zealand dollar on Friday, losing over a cent in value during trading.

• Last week still proved to be positive for the pound as it gained 2.56 cents against the kiwi, as the commodity based New Zealand currency came under increased selling pressure.
  
• In early trading today the pound is trading in a narrow range against the kiwi as equity markets in Asia struggled overnight. Retail sales data was also released in New Zealand late last night, coming in ahead of consensus.
  
• Economic data is light on the ground within the UK today, so expect trading to take its lead from equity market movements.