NZD falls against British pound on Brexit hopes

Tue, 26 Feb 2019

By Rebecca Howard Feb. 27 (BusinessDesk) - The New Zealand dollar fell against the British pound on increased hopes a no-deal Brexit might be avoided. The kiwi traded at 51.95 British pence at 7:50am in Wellington from at 52.38 British pence at 5pm yesterday in Wellington. It was at 68.83 US cents from 68.81 late yesterday. Markets were cheered after UK Prime Minister Theresa May said she would seek an extension on the March deadline for Britain’s European Union exit, a day after the Labour opposition party said it would support a sec...

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