Talk Money: June 24

  • 24/06/2016
(Paul Henry)
(Paul Henry)

The opinion polls say the Brexit vote is too close to call. But the financial markets are expecting a victory for the 'Remain' camp.

So if 'Leave' wins the pound could fall ten to fifteen percent in value. Global stock markets will sell off as well.

But for now the Pound is at its high for the year against the Trade Weighted Index ( a basket of the currencies of the UK's major trading partners).

The New Zealand dollar was trading at 48.89 pence at 6am. The pound has gained in value this week as traders have become more confident in a win for Remain.

That confidence has also seen investors prepared to take on more risk by buying currencies like the New Zealand dollar. The Kiwi has reached a 13-month high against the US dollar, trading at 72.40 US cents.

The New Zealand dollar was trading at 48.89 pence at 6am. The pound has gained in value this week as traders have become more confident in a win for Remain.

That confidence has also seen investors prepared to take on more risk by buying currencies like the New Zealand dollar. The Kiwi has reached a 13-month high against the US dollar, trading at 72.40 US cents.

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