NZ dollar falls against British pound on Brexit hopes, CPI in focus

NZ dollar falls against British pound on Brexit hopes, CPI in focus
Rebecca Howard
The New Zealand dollar extended its decline against the British pound on signs negotiators are closing in on a Brexit deal. The kiwi was trading at 49.15 British pence at 7:55 am in Wellington from 49.94 pence at 5pm yesterday. It was at 62.80 US cents from 63.02 cents. The trade-weighted index was at 69.84 from 70.02. Britain and the EU made headway in eleventh-hour talks on Tuesday to reach a Brexit deal in time for a leaders’ summit, Reuters reported.  One EU official said an agreement was “close but not 100 percent certain”, adding...

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