The Pound tumbled against the New Zealand Dollar on Wednesday following a disappointing GDP release, which puts pressure upon the BoE to cut interest rates.
Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
Liam Dann is business editor-at-large for the New Zealand Herald. He is a senior writer and columnist, and also presents and produces videos and podcasts. He.
Previously hawkish ANZ economists bring forward OCR cut expectations as economy struggles nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.