Rand a little firmer after positive data

At 2.07pm, the rand had firmed 0.45% to R14.4264/$, 0.32% to R16.3954/€ and 0.79% to R19.0786/£. The euro was flat at $1.136.

The local currency is faring best against the pound, which had fallen after reports that UK Prime Minister Theresa May is seeking only a minor extension to the March 29 Brexit deadline.

Analysts said signs of continued tension within May’s Conservative party is adding to uncertainty.

The main event on Wednesday, however, is the US Federal Reserve monetary policy announcement, due at 8pm local time. 

[email protected]

Source: businesslive.co.za