NZ exporters say UK turbulence par for the course in today's world

The pound has whiplash, but exporters aren't worried. (Image: Getty)

Wed, 05 Oct 2022

The pound has gyrated, UK government debt has been heavily repriced and the Bank of England has warned of material risk, but New Zealand exporters say it's par for the course in today’s world.“The pound has been weak since the Brexit decision, so the current developments just continue the trend,” said Philip Gregan, chief executive officer for New Zealand Winegrowers.The pound hit an all-time low last week when the government announced a mini-budget that was widely viewed as debt-fuelled economic policy. It steadied on eff...

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