NZ dollar gains vs pound after UK PM May sets date for start of Brexit process

Mon, 20 Mar 2017

By Jonathan Underhill March 21 (BusinessDesk) - The New Zealand dollar rose against the British pound after UK Prime Minister Theresa May announced the date she will trigger Article 50 that puts in motion her nation's departure from the European Union. The kiwi rose to 57.04 British pence as at 8am in Wellington from 56.82 pence late yesterday. The local currency rose to 70.50 US cents from 70.37 cents. The pound weakened immediately after May said she will trigger Article 50 on March 29, setting off what's expected to be a two-year pr...

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