NZ dollar rises toward 3-month high vs pound after Moody's cites election impact

Mon, 12 Jun 2017

By Jonathan Underhill June 13 (BusinessDesk) - The New Zealand dollar rose against the pound, edging back toward last week's three-month high, after Moody's Investors Service said Britain's inconclusive election result could delay Brexit and erode its Aa1 credit rating. The kiwi gained to 56.91 British pence as at 8am in Wellington, from 56.40 pence late yesterday. The local dollar edged up to 72.04 US cents from 71.94 cents. Moody's said British Prime Minister Theresa May, who is attempting to stitch together a minority government af...

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