NZ dollar hits highest level against British pound in decades

Tue, 04 Oct 2016

By Edwin Mitson Oct. 4 (BusinessDesk) - The New Zealand dollar rose to its highest level against the British pound in decades as the governing Conservative party said it would focus on controlling immigration, rather than securing tariff-free access to European markets in its negotiations to leave the trading bloc. The kiwi traded at 56.82 pence at 5pm in Wellington, from 56.52 pence at 8am and 56.10 pence yesterday. UK Prime Minister Theresa May on Sunday said negotiations to secure Britain's exit from the European Union would begin at...

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