NZ dollar rises against Britain's pound as 'hard brexit' fears mount

Tue, 30 Jul 2019

By Jenny Ruth July 30 (BusinessDesk) - The New Zealand dollar continued to gain against the British pound amid mounting fears new Prime Minister Boris Johnson will lead Britain into a “hard Brexit” from the European Union in October. The kiwi was otherwise little changed against other major currencies ahead of the Federal Reserve’s expected rate cut early Thursday, New Zealand time. The local currency rose as high as 54.69 British pence, its highest level since December, and by 5pm in Wellington it traded at 54.64 from 54.22 at 8am and...

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