NZ dollar weaker against UK pound as fears of no-deal Brexit fade

Mon, 09 Sep 2019

By Rebecca Howard Sept. 10 (BusinessDesk) - The New Zealand dollar eased against pound as expectations of a no-deal Brexit faded although the political outlook there remains volatile. The kiwi was trading at 52.03 British pence at 8am in Wellington from 52.34 at 5pm yesterday. It touched a low of 51.58 overnight. It was at 64.25 US cents from 64.23 cents. UK industrial output data was better than expected in July, with industrial production lifting 0.1 percent from June and output up 0.3 percent. The monthly estimate of July UK GDP ros...

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