The pound reached the strongest level in 19 months against the euro after Bank of England Governor Mark Carney said the institution may raise its key interest rate from a record low earlier than investors expected.
New Zealand’s dollar may fail to rally even if the nation’s central bank increases borrowing costs, according to UBS AG.
"If the Federal Reserve raises rates, then money will go back into the U.S.."
- Geoffrey Yu on Aug 19, 2014
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