NZ dollar falls toward 18-month low vs pound on Brexit optimism, little changed vs greenback

Wed, 29 Nov 2017

By Jonathan Underhill Nov. 30 (BusinessDesk) - The kiwi fell toward an 18-month low against the British pound on optimism the UK is overcoming hurdles to its European Union exit and was little changed versus the greenback after stronger US data. The kiwi traded at 51.29 British pence as at 8am in Wellington from 51.55 pence late yesterday. It reached 51.16 pence on Nov. 17, the lowest since June 2016, when the UK voted to withdraw from the EU. The kiwi traded at 68.87 US cents from 68.88 cents yesterday and the trade-weighted index was at...

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