Kiwi dollar drops as Brexit stokes uncertainty
The New Zealand dollar fell to a 10-day low against the greenback.
The New Zealand dollar fell to a 10-day low against the greenback.
Brexit's impact on economic activity and the value of the pound is forecast to crimp air travel from Britain.
Some business commentators have said the Reserve Bank could in August cut the official cash rate below 2 per cent from 2.25 per cent.
A spate of racist incidents have Britons concerned the Brexit result is emboldening extremist elements in society.
I knew it would be close, but I didn't see that coming. I wasn't nearly as wrong-footed as financial markets, though.
On paper, Britain's vote to exit the European Union will change little in the short term. But in reality, a lot is already changing.
Foreign Minister Murray McCully says there could well be advantages for New Zealand in Britain's shock vote to quit the European Union.
COMMENT: Last week was one of those times when you sensed how thin the membrane is between the functioning intact life and its total destruction.
Like millions of people around the world, Italian immigrant Alejandro Majnoler was trying to make sense of a British exit from the European Union.
COMMENT: I am convinced markets have over-reacted to the Brexit vote. There should have been a negative reaction. Markets were not expecting this outcome.
Investors are bracing for more fall-out as trading resumes tomorrow after Britain's shock vote to leave the European Union sparked market chaos on Friday.
COMMENT: At a meeting in Zurich on Saturday central bank governors from around the world pledged to support financial markets to avoid Brexit contagion.
Amid growing anger against Jeremy Corbyn's allegedly "lacklustre" performance for Remain in the EU referendum, there are claims that up to 200 Labour MPs may back the no confidence motion.
Just days after voting to leave the EU, more than 2 million Britons and UK residents have signed a petition calling for a second vote.
COMMENT: All those Facebook shares, Twitter hashtags and Snapchat videos couldn't save Britain's youth from being the big losers in the Brexit referendum.
Britain's exit from the European Union will affect Kiwis in more ways than one.
After ten weeks of intense and often bitter rivalry between opposing camps, many reputations were made - and lost.
What have we done? Brits frantically Google 'what is the EU?', hours after voting to leave it as Brexit remorse spreads.
Popular clothing website Asos is back up and running after a power outage took it out.
Prime Minister John Key says Kiwis will see very little impact on the New Zealand economy despite the Brexit rattling global markets today.
Say hello to curvy bananas and crooked cucumbers - Leave voters are celebrating changing the course of history and breaking free from the EU laws and regulations.
David Cameron reportedly told members of his inner circle he would rather hand over control sooner than spend time negotiating Britain's tricky exit from the EU.
Eurosceptic parties across the continent are intensifying demands for their own referendums in the wake of the Brexit vote.
New Zealand First is pushing for Closer Commonwealth Economic Relations (CCER) between New Zealand and the United Kingdom.
COMMENT: How does the Brexit crash compare to the other market meltdowns of history?
The NZ dollar tumbled more than US3c, or 4.4 per cent, and swap rates dropped as the UK voted to leave the EU.
Roughly US$2 trillion was wiped off global stocks after Britain's shock vote to leave the European Union.
The result was clearly for "leave", but a huge majority of those under 25 wanted to stay in Europe.
The Brexit vote could have disastrous repercussions for HBO's fantasy epic Game of Thrones and other big budget productions.