In a similar way to the sterling / aussie pairing, the pound crept higher against the kiwi yesterday as investors remained cautious of riskier assets.

• Higher-risk currencies have come under pressure since the announcement from China that they are going to start tightening policy.
  
  
• In trading this morning, sterling is continuing to edge higher, with investors cautious ahead of the Reserve Bank of New Zealand's interest rate decision due this evening at 20:00.