NZ dollar rallies against British pound on Brexit turmoil

Thu, 15 Nov 2018

By Margreet Dietz Nov. 16 (BusinessDesk) - The New Zealand dollar climbed against the British pound amid intensifying political turmoil in the UK over the government's Brexit plans. The kiwi also strengthened against the US currency. "Brexit dramas are hogging the headlines," ANZ Research senior economist Liz Kendall and senior macro strategist Philip Borkin said in a note. "The sterling collapsed overnight as earlier optimism around Brexit quickly faded." The New Zealand dollar traded at 53.41 British pence at 9am in Wellington from 5...

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