NZ dollar falls against pound on Brexit cheer

Thu, 22 Aug 2019

By Rebecca Howard Aug. 23 (BusinessDesk) - The New Zealand dollar fell against the British pound after markets took German Chancellor Angela Merkel literally when she said a negotiated departure for Britain from the European Union might be possible in 30 days. The kiwi was trading at 51.94 British pence at 8am in Wellington from 52.55 British pence at 5:05pm in Wellington. The trade-weighted index was at 70.93 points from 71.00. We “might be able to find it in the next 30 days, why not?” Merkel told reporters, according to The Australi...

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