NZ dollar dips below 49 British pence as Brexit deal seen within reach

Wed, 10 Oct 2018

By Paul McBeth Oct. 11 (BusinessDesk) - The New Zealand dollar fell below 49 British pence for the first time since the 2016 Brexit referendum on optimism a deal will be within reach by next week. The kiwi dropped to 48.98 pence as at 8am in Wellington from 49.27 pence yesterday. It declined to 64.62 US cents from 64.84 cents and US government bond yields edged higher. The British pound gained 0.4 percent after the European Union's chief Brexit negotiator Michel Barnier said a deal was 80-to-85 percent ready and "within reach" by nex...

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