Kiwi up after BoE Governor's comments

The kiwi strengthened against the pound yesterday, after poor retail sales data and dovish comments from the head of the UK’s central bank reduced investor appetite for sterling.

• Sterling weakened in early trade against the kiwi yesterday after CBI realised sales data revealed no slowing in the pace of decline in UK retail sales from the previous month.
  
• These falls were extended after Bank of England Governor Mervyn King said he was ‘more uncertain now than ever’ about the UK economy.
  
• Trade today will be dictated by anticipation of New Zealand’s latest GDP figure, released tonight.