Rand steady as Brexit fears again shake the pound
The local currency is steady against the dollar and euro, but has strengthened against sterling
17 December 2019 - 12:53
The rand was steady on Tuesday morning, although it had registered some gains against the pound as investors continued to digest recent news regarding Brexit and the US-China trade war.
The pound had strengthened last week after the Conservative Party won a commanding victory in the UK elections, with that party’s parliamentary majority removing the threat of a hung parliament and a protracted Brexit process...
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