Business

NZD dips below 49 British pence

The New Zealand dollar fell below 49 British pence for the first time since the 2016 Brexit referendum on optimism a deal will be within reach by next week. 

The kiwi dropped to 48.98 pence as at 8am in Wellington from 49.27 pence yesterday. It declined to 64.62 US cents from 64.84 cents and US government bond yields edged higher. 

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