NZ dollar gains against UK pound on Brexit ructions

NZ dollar gains against UK pound on Brexit ructions
Rebecca Howard
By Rebecca Howard Aug. 29 (BusinessDesk) - The New Zealand dollar gained against the British pound after UK Prime Minister Boris Johnson moved to stop any bids to block a no-deal Brexit on Oct. 31.   The kiwi was trading at 51.89 British pence at 8am in Wellington from 51.58 at 5:05pm. It remained under pressure against the greenback, trading at 63.37 US cents versus 63.34 cents, after touching a four-year low of 63.26 cents overnight. Johnson - who has pledged to take the UK out of the European Union with or without a deal by Oct. 31...

More Markets

NZ market flat: Tower rises
Markets

NZ market flat: Tower rises

The index declined 0.67% this week.

Graham Skellern 12 Apr 2024
CRP's trading halt lifted after clarifying fast-track statements
Primary Sector

CRP's trading halt lifted after clarifying fast-track statements

Chatham Rock Phosphate said it had been requested to apply for the new regime.

Ian Llewellyn 12 Apr 2024
Carbon markets reveal more about policy than politicians
Primary Sector

Pattrick Smellie: Carbon markets reveal more about policy than politicians

The sluggish carbon price tells what you need to know about climate policy.

Pattrick Smellie 12 Apr 2024
Who Fletcher's new CEO called in his first days
Markets

Who Fletcher's new CEO called in his first days

Nick Traber has to rebuild confidence in the embattled construction giant.