NZ dollar extends gains vs pound in Brexit stoush, may gain vs USD on growing 'short' positions

Tue, 10 Jul 2018

By Jonathan Underhill July 10 (BusinessDesk) - The New Zealand dollar extended its gains against the pound on resignations from British PM Theresa May's government and may advance against the US dollar in the face of increased bets against the kiwi currency. The kiwi dollar rose to 51.70 British pence as at 5pm in Wellington from 51.42 pence late yesterday. The kiwi increased to 68.45 US cents from 68.39 cents yesterday. The British pound weakened after UK Foreign Secretary Boris Johnson became the latest minister to resign from Theres...

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