NZ dollar hits 3-year high vs British pound amid Brexit uncertainty

Mon, 27 Jun 2016

By Tina Morrison June 28 (BusinessDesk) - The New Zealand dollar hit a three-year high against the British pound amid continued uncertainty about the outlook for the UK following that country's vote to leave the European Union. The kiwi touched 53.67 British pence overnight, its highest since May 2013, and was trading at 53.02 pence at 8am in Wellington, from 52.72 at 5pm yesterday. The local currency dropped to 70.08 US cents from 70.65 cents yesterday. The British pound slumped to a 31-year low against the US dollar as turbulence in...

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