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Pound-New Zealand Dollar Rate Hits Mid-2019 Low, Where Next For GBP/NZD?

Ahead of the European open, the Pound to New Zealand Dollar (GBP/NZD) exchange rate is seen quoted around the 1.87873 level, a 0.14 percent rise on the daily open. Pound Sterling saw a strong open across the board on Sunday after a joint statement was released from PM Johnson and EU President von der Leyen, saying talks will continue this coming week Mounting anxiety over the prospect of a no-deal Brexit saw the GBP/NZD exchange rates slump sharply ahead of the weekend. As European Commission president Ursula von der Leyen warned EU leaders that a no-deal scenario now looks more probable than a deal the mood towards the Pound weakened significantly.

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