NZ dollar higher against British pound on Brexit jitters

Tue, 12 Mar 2019

By Rebecca Howard March 13 (BusinessDesk) - The New Zealand dollar was higher against the British pound on mounting speculation UK Prime Minister Theresa May is heading for a Brexit defeat. The kiwi was trading at 52.51 British pence at 7:45am in Wellington from 51.77 British pence at 5pm in Wellington yesterday. It was at 68.72 US cents from 68.41 US cents after tame US inflation data added to the view the US Federal Reserve has plenty of time before it needs to raise rates again. Ahead of the vote on the deal in parliament - due 8am...

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