NZ dollar holds near 15-month high vs pound as Brexit woes threaten May's leadership

Tue, 11 Dec 2018

By Paul McBeth Dec. 12 (BusinessDesk) - The New Zealand dollar held near a 15-month high against the British pound as UK Prime Minister Theresa May's inability to garner support for a Brexit deal threatens her leadership. The kiwi traded at 54.83 British pence as at 8am in Wellington from 54.70 pence yesterday. It traded at 68.70 US cents from 68.81 cents. The pound has remained under pressure after strong opposition prompted May to delay a parliamentary vote on her Brexit deal and forced her to resume lobbying Europe for greater con...

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