Talk Money: August 5

  • 05/08/2016
Talk Money: August 5

This weekend could be a good time for some internet shopping on UK websites.

The New Zealand dollar has risen strongly against the pound after the Bank of England cut British interest rates for the first time since 2009.

The Kiwi had risen to 54.78 pence by 6am, up almost two percent from 53.77 pence at 5pm on Thursday afternoon.

The Bank of England cut its main lending rate to a record low 0.25 percent from 0.5 percent, and Governor Mark Carney vowed to take "whatever action is necessary" to achieve economic stability after Britain's vote to leave the European Union.

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