NZ dollar gains vs pound after report May to signal Brexit intent

Sun, 15 Jan 2017

The New Zealand dollar gained against the British pound after a report that UK Prime Minister Theresa May will signal her intention to drive ahead with plans to exit the European Union. The kiwi dollar rose to 59.18 British pence as at 8am in Wellington from 58.44 pence in late New York trading on Friday. The local currency traded at 71.09 US cents from 71.27 cents at the end of last week. May is scheduled to give a speech on Tuesday which the Sunday Times reported would signal plans for a "hard Brexit", trading off membership of the tari...

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