NZ dollar hits week high vs. British pound amid 'Brexit' fears

Tue, 31 May 2016

By Tina Morrison June 1 (BusinessDesk) - The New Zealand dollar rose to a week high against the British pound, which slumped as new polling data raised concern about a potential British exit from the European Union. The kiwi touched 47.70 British pence, and was trading at 46.66 pence at 8am in Wellington, from 45.83 pence at 5pm yesterday. The local currency advanced to 67.60 US cents from 67.27 cents yesterday. The British pound is sensitive to signals on whether voters are likely to choose to stay or exit the European Union in an upc...

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