28 Sep 2022

British pound beginning to stabilise

From Morning Report, 8:36 am on 28 September 2022

The British pound has begun to stabilise, after crashing to a record low against the US-dollar over the past 24 hours.

Against a backdrop that includes the Ukraine war and soaring energy prices, there have been sharp fluctuations from some of the world's major currencies.

The New Zealand dollar has also plunged to a 13-year low against the Greenback, prompting questions around whether the Kiwi could go even lower and when any rebound might happen.

Harbour Asset Management currency strategist Hamish Pepper spoke to Corin Dann.