NZ dollar weaker against British pound on EC president's Brexit optimism

Thu, 19 Sep 2019

By Rebecca Howard Sept. 20 (BusinessDesk) - The New Zealand dollar fell against the British pound after European Commission president Jean-Claude Juncker signalled a new Brexit deal may be possible before Oct. 31. The kiwi was trading at 50.40 British pence at 8am in Wellington from 50.54 pence at 5pm and was at 63.00 US cents from 63.08 cents. The pound was largely unmoved when the Bank of England left interest rates on hold as it waits for more clarity on Brexit. However, it gained ground when Juncker told Sky News “we can have a d...

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