NZ dollar gains vs pound on Brexit squabbles, weak manufacturing data

Mon, 02 Oct 2017

By Jonathan Underhill Oct. 3 (BusinessDesk) - The New Zealand dollar rose against the pound as the British Conservative Party conference gets underway with deep divisions over Brexit and after weaker-than-expected manufacturing data. The kiwi gained to 54.22 British pence as at 8am in Wellington from 53.81 pence late yesterday. It increased to 72.02 US cents from 71.96 cents yesterday. The UK's Markit PMI for manufacturing printed at 55.9 in September, missing estimates for 56.2 contributing to a slide in the pound. At the Conservative...

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