Rand mixed as market bets a no-deal Brexit will be avoided

The rand was mixed on Wednesday afternoon, faring slightly worse against the pound, despite the uncertainty around Brexit.

The pound has been remarkably stable, with the market appearing to price in that MPs will reject a vote later on Wednesday on leaving the EU without a deal, said BK Asset Management MD Boris Schlossberg. “But given that conventional wisdom has been wrong from the start on the issue of Brexit, it’s not out of the realm of possibility for markets to be jolted again,” he said.At 2pm, the rand was 0.37% firmer at R14.3093/$ and 0.25% up at R16.1732/€. It was 0.21% weaker at R18.8216/£.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand slightly firmer as market eyes BrexitChina’s top central banker signals that the US and China are close to a deal on currency, but all eyes are on Tuesday’s crucial Brexit vote
Source: BDliveSA - 🏆 12. / 63 Read more »

UK economy experiences mixed fortunes ahead of Brexit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.With just weeks to go until Britain is due to exit the European Union, the country's economy is experiencing mixed fortunes, with slowing growth and low unemployment.
Source: SABC News Online - 🏆 32. / 51 Read more »