NZD closed nearly flat on the day, with weak comments about UK banks halting the pound's upward movement and risk aversion providing support.

• The markets have been cautious this week, not only as fears grow about the eurozone but also ahead of the US GDP figure due this afternoon.
  
  
• Investors have shunned risky assets, with the kiwi moving lower this morning, with markets waiting to see if the US economy hits its growth forecast.
  
  
• Currently the pound is up above 2.29, at a near two month high.