NZ dollar hits fresh 9-month high vs. British pound on Brexit concerns

Wed, 24 Feb 2016

By Tina Morrison Feb. 25 (BusinessDesk) - The New Zealand dollar hit a fresh nine-month high against the British pound amid concern about a potential British exit from the European Union. The kiwi touched 47.76 British pence, and was trading at 47.72 pence at 8am in Wellington, from 47.30 pence at 5pm yesterday. The local currency advanced to 66.42 US cents from 66.17 cents yesterday. The British pound, also known as cable, has slumped to a seven-year low against the greenback since high-profile London Mayor Boris Johnson said at the w...

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