Kiwi makes strong gains vs. sterling as equities flat

The New Zealand dollar made strong gains against sterling yesterday, gaining 2.75 cents against the pound as investors reconsidered riskier assets.

• A flat day on London equities, following heavy falls the day before, led investors to sell the pound and the US dollar to buy back into higher-yielding currencies.
  
• Today, investors will turn their attention to the raft of economic releases out in the UK and US.