The rand was steady on Tuesday afternoon, but off intraday best levels as the dollar turned around against the euro amid concern about further political turmoil in the UK.The euro and pound have weakened a day after two high-profile resignations from the UK cabinet sparked speculation about a new general election, Dow Jones Newswires reported.Uncertainty exists about the practical implementation of UK Prime Minister Theresa May’s new approach to Brexit negotiations, with EU leaders so far having showed little reaction to the tough negotiations that lie ahead.The pound also felt pressure as the uncertainty over Brexit could prompt the Bank of England to hold off raising rates in August, even if economic data showed improvement, ING analysts said in a note.Earlier, global asset manager BlackRock announced it was downgrading its exposure to European markets. Investors had moved money out of European equity funds for 17 straight weeks.BlackRock said an anti-establishment, eurosceptic It...
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