Broadly weaker NZ dollar drops vs pound; May seen surviving confidence vote

Wed, 12 Dec 2018

By Paul McBeth Dec. 13 (BusinessDesk) - A broadly weaker New Zealand dollar fell sharply against the British pound as traders bet UK Prime Minister Theresa May will be able to survive a 'no confidence' vote, shoring up her position in pursuing a Brexit deal. The kiwi dropped to 54.23 pence as at 8am in Wellington from 55.09 pence yesterday. It fell to 68.47 US cents from 68.90 cents yesterday, the only G10 currency to decline. The pound gained 1.1 percent against the greenback as traders bet on May surviving a parliamentary vote of n...

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