NZ dollar hits 13-month high vs. British pound as 'Brexit' fears grow

Sun, 12 Jun 2016

By Tina Morrison June 13 (BusinessDesk) - The New Zealand dollar touched its highest level against the British pound in 13 months and is approaching the 50 British pence level, with recent signs British voters are leaning towards an exit from the European Union, referred to as Brexit, in an upcoming referendum. The kiwi hit 49.65 British pence, its highest level since May last year, and was trading at 49.52 pence at 8am in Wellington, from 49.03 pence at 5pm on Friday. The local currency slipped to 70.50 US cents from 70.56 cents at the N...

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