Stock exchanges trading ahead of the JSE’s opening on Tuesday morning generally took their cue from weaker US and European indices. An exception was London’s FTSE 100 which closed 0.38% higher on Monday, with British shares boosted by the pound’s slump on "hard Brexit" fears. These were sparked by a comment from UK Prime Minister Theresa May indicating she considered barring immigrants to be more important than maintaining access to the EU’s single market. The rand was 0.5% stronger at R16.55/£ ahead of the JSE’s opening on Tuesday as the pound continued its slide.
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