Kiwi finishes up against sterling

The New Zealand dollar strengthened against the pound yesterday, boosted by demand for higher yielding currencies.

• Investors will now turn their focus to next week’s Reserve Bank of New Zealand interest rate decision.
  
• The central bank is generally expected to follow in the footsteps of the RBA in keeping rates on hold, although some analysts feel a 0.25% rate cut may be on the cards.
  
• The statement from the central bank will be watched very closely by investors.