NZ dollar gains against pound on Brexit turmoil

Mon, 02 Sep 2019

By Rebecca Howard Sept. 3 (BusinessDesk) - The New Zealand dollar was higher against the British pound on the prospect of a general election in the UK if opposition lawmakers vote to try to block Brexit. The kiwi was trading at 52.27 British pence at 7:50 am in Wellington from 51.85 pence late yesterday. The trade-weighed index was at 70.69 from 70.58. The pound tumbled when British Prime Minister Boris Johnson gave a veiled hint that he would call an election if lawmarkers vote to delay Brexit. "I want everybody to know, there ar...

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