Kiwi sinks vs pound as exit poll predicts a strong Johnson majority

Fri, 13 Dec 2019

The New Zealand dollar dropped by almost a penny against the British pound after UK exit polls predicted a large majority for Boris Johnson’s Conservatives.The kiwi was trading at 49.16 British pence at 11:13am in Wellington from 50.10 pence just prior to the release of the polls. An exit poll conducted by Ipsos MORI on behalf of Sky News, the BBC and ITV News - forecast the Tories will win 368 seats, with Labour on 191 seats.To form a majority government a party needs to win more than 325 seats in the parliament. Brexit risingIf the...

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