NZ dollar gains vs pound as UK PM May's leadership back in the spotlight

Mon, 09 Jul 2018

By Paul McBeth July 9 (BusinessDesk) - The New Zealand dollar gained against the British pound in local trading after the resignation of chief Brexit negotiator David Davis reignited uncertainty over Prime Minister Theresa May's grip on the Conservative Party. The kiwi traded at 51.42 British pence as at 5pm in Wellington from 51.25 pence before Davis's announcement, and 51.30 pence on Friday in New York. The kiwi was unchanged at 68.39 US cents from last week. The pound gave up recent gains during Asian trading after Davis's unexpec...

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