The British pound fell to a two-week low of $1.27135. New Zealand's Q4 current account balance was -7.837B NZD, with a YTD GDP ratio of -6.9%. The country's GDP growth rate for Q4 was -0.3% YoY and -0.1% QoQ, leading to the New Zealand dollar slipping to $0.6057 after missing expectations. The New Zealand economy was in recession in the second half of 2023.