News Formal

Rand near 11-month high to the pound as market eyes new UK prime minister

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Details on Eskom’s bailout will be watched by markets, while an eye is also on the UK, which is set to get a new leader soon

The rand was a little weaker against the dollar on Tuesday morning, but firmer against the pound, as markets waited to see who will be the next prime minister of the UK.

Despite this, a Johnson victory could see the pound rally a little, as markets had extensively priced in a no-deal Brexit already, Johnson said. The announcement is expected at 12.45am local time.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

UK finance minister to quit before Boris Johnson becomes prime ministerBritish finance minister Philip Hammond said Sunday he would make a point of resigning before Boris Johnson became prime minister, saying he could never agree to his Brexit strategy.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

UK finance minister to quit before Boris Johnson becomes prime ministerBritish finance minister Philip Hammond said Sunday he would make a point of resigning before Boris Johnson became prime minister, saying he could never agree to his Brexit strategy.
Source: TimesLIVE - 🏆 28. / 59 Read more »