It could be a great time to pick up stock out of the United Kingdom, with the New Zealand dollar at a six-month high against the British pound this morning.
According to Businessdesk the kiwi touched 46.06 British pence, and was trading at 45.98 pence at 8am.
The pound has been dropping on expectations the Bank of England will hike local interest rates, which have been at 0.5% since 2009.
The New Zealand dollar rose to 94.35 Australian cents from 94.06 cents yesterday, and gained to 4.4385 yuan from 4.4314 yuan. It was little changed at 82.34 yen from 82.35 yen yesterday and at 62.36 euro cents from 62.32 cents.
Trading volume was lighter than usual. Last week, financial markets closed early on Thursday, and were closed Friday. This week markets will be closed for the New Year’s Day holi
