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Brexit: Don't panic

Monday 27th of June 2016

Since the result was announced on Friday, New Zealand time, there has been turmoil on international markets - equities have taken a hit, Britain's currency fell 10% against the US dollar and 7% against the New Zealand. 

Against the US dollar, it traded at levels not seen since 1985.

But sovereign bonds, gold and the Japanese yen were buoyed by the move - the yen moved to a two-and-a-half year high against the US, although Japan's sharemarket suffered.

Bond yields experienced a steep fall on Friday, hiking the value of those in investor portfolios.

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