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 5.23pm, the rand had firmed 0.79% to R19.021/£, shedding some gains after earlier reaching R18.9518. It had strengthened 1.02% to R14.7915/$ and 0.6% to R16.4459/€. The euro was up 0.42% to $1.1119. The benchmark R186 government bond was stronger, with the yield falling three basis points to 8.245%. Bond prices move inversely to bond yields.
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