MARKET WRAP: Rand firms as investors ponder Brexit deal
Global markets are waiting to see if the US and China will reach phase one of a trade deal, while analysts warn that Brexit is never ‘simple’
17 October 2019 - 18:34
The rand was firmer against the pound on Thursday evening, as markets digest news that the EU and Britain have reached a deal on the latter’s exit from the EU.
At a meeting on Thursday, the EU and Britain agreed on a Brexit deal, three years after the UK voted to leave the regional bloc. The deal still needs to be approved by both the UK and EU parliaments. Northern Ireland’s Democratic Unionist Party (DUP) said earlier on Thursday that it would not support the Brexit plan. ..
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