All eyes will be on Lancaster House at 2pm on Tuesday when UK Prime Minister Theresa May finally provides details on how Britain plans to execute its Brexit from the EU.May is expected to issue the EU with an ultimatum, saying the UK is prepared to quit the single market if it does not get its way on immigration and other demands.The rand was trading 0.6% stronger against the pound at R16.40/£ and 0.8% stronger against the dollar at R13.58/$ ahead of the JSE’s opening on Tuesday.London’s FTSE 100 index, which has generally benefited from the weaker pound, closed 0.15% lower on Monday. The Euro Stoxx 50 lost 0.9%, with Paris’s CAC 40 down 0.82% and Frankfurt’s DAX 30 down 0.64%.Tokyo’s Topx index was 1% lower and the Shanghai composite index was 0.5% lower ahead of the JSE’s opening on Tuesday.The JSE on Monday defied the gloom in global markets, led higher by general retailers whose index gained 3.71%. The Foshini Group rose 5.29% to R168.50 after saying its Christmas sales were 14....
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