NZ dollar jumps above 50 British pence on 'Brexit' fears

Mon, 13 Jun 2016

By Tina Morrison June 14 (BusinessDesk) - The New Zealand dollar popped above 50 British pence overnight on concern the UK may vote to leave the European Union in the so-called 'Brexit' referendum next week. The kiwi hit 50.08 British pence, its highest level since April last year, and was trading at 49.48 pence at 8am in Wellington, from 49.57 pence at 5pm yesterday. The local currency was little changed at 70.44 US cents from 70.34 cents yesterday. The British pound has collapsed as recent polls show the 'leave' vote is picking up mo...

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