Rand weakens against the pound as BOE keeps rates steady
The BOE monetary policy committee unanimously voted to keep the rate at 0.75%, in line with market expectations
01 August 2019 - 15:32
The rand was weaker against the pound on Thursday afternoon after the Bank of England (BOE) kept the interest rate unchanged, as Britain faces the risk of a no-deal Brexit.
The BOE monetary policy committee unanimously voted to keep the rate at 0.75%, in line with market expectations. The central bank said the possibility that Britain will leave the EU without a deal, in less than three months, has led to a depreciation of the sterling exchange rate...
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