NZ dollar soars to new decades-high vs. British pound as Bank of England notes currency risk

Tue, 11 Oct 2016

By Paul McBeth Oct. 12 (BusinessDesk) - The New Zealand dollar climbed above 58 British pence as the sterling's weakness continued on fears the Brexit will see the UK step back from Europe's single market, with Bank of England policymakers noting further downside risk for the currency. The kiwi rose as high as 58.31 British pence, trading at 58.16 pence at 8am in Wellington from 57.36 pence yesterday. The weakness in the pound bolstered the greenback against all currencies, with the kiwi extending its decline, trading at 70.53 US cents f...

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